The Federal Government raised N100 billion in 2025 from the Unclaimed Funds Trust Fund (UFTF), according to the Debt Management Office (DMO). This borrowing was recorded under the instrument labeled "UFTF FGN Security" in the DMO's domestic debt stock report. The funds form part of Nigeria's domestic debt portfolio, which includes various government securities. The UFTF typically holds dormant financial assets transferred from banks and other financial institutions after a period of inactivity. The DMO confirmed the transaction but did not disclose the terms, maturity period, or purpose for which the N100 billion was borrowed. Unclaimed funds are meant to be held in trust for rightful owners who may come forward to claim them. The government's decision to use these funds as a borrowing source raises questions about the accessibility and management of such accounts. No additional details were provided on how the borrowing might affect future claims or the status of the original owners of the funds.
The Federal Government borrowed N100 billion from money meant for Nigerians with dormant accounts, yet offered no explanation on how this affects rightful claimants. If the funds are tied up in government debt, those who come forward may face delays or reduced access to what is legally theirs. This move puts the government in the position of owing money to its own citizens while using their unclaimed assets to finance its obligations. The lack of transparency around terms and purpose leaves Nigerians in the dark about how their potential entitlements are being leveraged.
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