2015-09-08 | BSD/DIR/GEN/LAB/08/048

Deadline for Transfer of Federal Government Funds to Treasury Single Account

The Federal Government of Nigeria has set a deadline of September 15, 2015, for all banks to transfer government funds to the Treasury Single Account. Banks are directed to ensure compliance or face severe sanctions from the Central Bank of Nigeria. The letter, signed by 'Tokunbo Martins, Director of Banking Supervision, emphasizes the importance of timely remittance of funds.

Nigeria

Central Bank of Nigeria

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