Section 121, The Banking Act, 2019

(1) Property held by a bank shall be presumed to beabandoned if the owner has, within a period of 5 years immediately after the date of deposit or payment of funds towards the purchase of shares or other interests or the issuing instruments or the date upon which funds held in a fiduciary capacity became payable or capable of being distributed or the expiration of the period for which a safe deposit box was rented, as the case may be- (a) not increased or decreased the amount of the deposit or funds; (b) not increased or decreased the principal or accepted payment of principal or income in respect of funds held in a fiduciary capacity; (c) not had any correspondence with the bank concerned regarding the property; (d) not otherwise indicated an interest in the property as evidenced by a memorandum concerning them by the bank. (2) The property referred to in subsection (1) include - (a) a general deposit (demand, savings or matured time deposit) made in Sierra Leone with that bank together with an interest or dividend exc1uding any lawful charges; 124 125 Immunity of Abandoned property. Publication of data by (b) funds paid in Sierra Leone towards the purchase of shares or other interests in a bank together with interest or dividend excluding any lawful charges.