
Central Bank of Nigeria
Updated Penalty on Inappropriate Cash Disbursement Practices by Deposit Money Banks (DMBS)
- Author
- Central Bank of Nigeria
- Year
- 2024
- Pages
- 2 pages
The Central Bank of Nigeria notifies deposit money banks and financial institutions of a N150 million initial penalty per erring branch for facilitating or enabling the illicit flow of mint Naira banknotes to currency hawkers and other agents. The circular announces intensified spot checks of…