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Budget deficit: CAC backs plan to borrow from unclaimed dividends

by Kunle Awosiyan

The Corporate Affairs Commission (CAC) says shareholders retain to claim their dividends anytime despite government’s plans to borrow funds from a pool of unclaimed dividends and dormant bank accounts’ balances

The Registrar General of the CAC, Garba Abubakar explained that the commission would support for the Federal Government’s plan to borrow money from the pool to fund the 2021 budget deficit.

Speaking to journalists in Abuja Mr Abubakar explained that the funds would be used by the government to develop infrastructure

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