Nigeria, Feb. 19 -- The Central Bank of Nigeria (CBN) has issued a directive mandating all banks and financial institutions to display information about dormant accounts, unclaimed balances, and other financial assets on their websites.

On behalf of the Director of the Financial Policy and Regulation Department of CBN, Michael Akuka signed a circular titled "Guidelines on Management of Dormant Accounts, Unclaimed Balances, and Other Financial Assets in Banks and Other Financial Institutions in Nigeria," which contained the guidelines.

The CBN requires financial institutions to list the names of those authorized to manage accounts, the kind of account, and the branch where the account is located on their official websites.

If other fina...