What Is Unclaimed Money?

Unclaimed property (sometimes referred to as abandoned) refers to accounts in financial institutions and companies that have had no activity generated or contact with the owner for one year or a longer period. Common forms of unclaimed property include unclaimed social security benefits, savings or checking accounts, stocks, uncashed dividends or payroll checks, refunds, traveler’s checks, trust distributions, unredeemed money orders or gift certificates (in some states), insurance payments or refunds and life insurance policies, annuities, certificates of deposit, customer over-payments, utility security deposits, mineral royalty payments, and contents of safe deposit boxes.

What happens to these accounts that have no activity?

Acting in the best interest of consumers, each state has enacted an unclaimed property statute that protects your funds from reverting back to the company if you have lost contact with them. These laws instruct companies to turn forgotten funds over to a state official who will then make a diligent effort to find you or your heirs.

Most states hold lost funds until you are found, returning them to you at no cost or for a nominal handling fee upon filing a claim form and verification of your identity. Since it is impossible to store and maintain all of the contents that are turned over from safe deposit boxes, most states hold periodic auctions and hold the funds obtained from the sale of the items for the owner. Some states also sell stocks and bonds and return the proceeds to the owner in the same manner.

Portrait of happy young businesswoman with colleagues in the background

How does NigerianCBCS help track unclaimed money left behind by missing relatives?

When you permit Nigerian CBCS Asset Recovery Team to represent in the recovery of you or your family’s abandoned assets in the United States, we’ll be searching through  different databases on your behalf to see if any claim exists

If we find a match, we’ll provide all the necessary forms and instructions so you can claim your lost / abandoned relatives money.

We’ll notify you that you have a new unclaimed money claim!

.

If you or your relatives have lived and worked in the United States for many years and returned to Nigeria, but due to some unexpected circumstances, you or your relatives were forced to abandon their assets and were unable to return to the US to claim the assets, the NigerianCBCS can legally track and recover these assets to you or  your surviving relatives.

Those who qualify:

  1. If you are forcefully or voluntarily deported from the US to Nigeria
  2. If you have a dead relative with abandoned assets in the US
  3. If you have a missing relatives for many years
  4. If you have a relative with life threatening illness, eg (mental illness)and
  5. Others.

1 Immediately contact the NigerianCBCS through email: assets@nigeriancbcs.us

2. Get all your documents together and mail copies to:

Nigerian Community Business and Citizens Services
49 Inverness Avenue,
Dundalk, Maryland,
United States,  21222

Common forms of unclaimed property include:

  • savings or checking accounts, stocks,
  • uncashed dividends or payroll checks,
  • refunds, traveler’s checks,
  • trust distributions,
  • unredeemed money orders or gift certificates (in some states),
  • insurance payments or refunds and life insurance policies, annuities, certificates of deposit,
  • customer overpayments,
  • utility security deposits,
  • mineral royalty payments, and
  • contents of safe deposit boxes.