The Central Bank of Nigeria on Tuesday extended the deadline given to Designated Non-Financial Businesses and Professions to update their account information with evidence of registration, towards fulfilling the Know-Your-Customer requirement. The regulator said KYC requirement was expected to enable the regulator to check money laundering and other malpractices in […]
Tag: Central Bank of Nigeria
CBN orders banks to report B’Haram, Ansaru transactions
Following the recent proscription of the violent Islamic sects, Boko Haram and Ansaru, by the Federal Government, the Central Bank of Nigeria has ordered banks to check the activities of the terrorist groups. The central bank in a letter to all banks on Wednesday, directed them to check their database […]
CBN Faults Libelous Online Report, Reaffirms Commitment To Due Process
The Central Bank of Nigeria (CBN) has described the story posted on the website of Premium Times on the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, on Sunday, June 2, as libelous, saying it was full of fabrications and inaccuracies. In a rebuttal letter sent to […]
