By Our Correspondent
Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Banks to submit returns on European Investment Bank’s Investments for the period January 28 to December 2012.
This is contained in a Circular with Reference Number TED/FEM/FPC/GEN/01/24 dated January 28 2013 signed by NT Igba for Director, Trade and Exchange Department of the CBN and obtained by www.investadvocateng.com.
The Circular Reads thus : « You are hereby requested to submit returns on the above subject to the Central Bank of Nigeria.
The Report which should be in the attached Excel format, should reach the Director, Trade and Investment Department, Abuja not later than 12.00 Noon on Tuesday, January 29 2013. You are required to make NIL return where appropriate.
Please ensure compliance with the format and timeline to avoid sanctions which may include suspension from the Foreign Exchange Market »
The European Investment Bank is the long-term lending institution of the European Union, whose shareholders are the 27 European Union member states, has been active across Africa for over 40 years. EIB activities follow policies and objectives set down by European Union member states and whose Finance Ministers are the EIB’s Governors.
