Abandoned accounts amount to P9.4m - BoB

The Bank of Botswana says as at July 27, 2009 the amount surrendered to the Bank of Botswana by the banks was as follows: Barclays Bank: P6.80 million; First National Bank: P1.95 million; Standard Chartered Bank: P0.70 million and Stanbic Bank P119.00.

The abandoned funds have been in the banks for more than 10 years and have been transferred to the Bank of Botswana after the banks failed to get the beneficiaries to claim the funds, according to the Bank of Botswana.