2007-12-21 | BOD/CIR/02/2008

Notice to Community Banks that have Closed Shop or Consistently Failed to Render Statutory Returns and the General Public.

The Central Bank of Nigeria (CBN) has issued a notice to the affected chairmen, directors, shareholders, and managers of community banks that consistently failed to render statutory returns. These banks have ceased operations, as confirmed by an existence check conducted recently. Within 21 working days, they must provide CBN with details on their assets and liabilities, list of depositors, and debtors, or face prosecution in the appropriate law courts. The information should be sent to Director, Other Financial Institutions Department (OFID), at the specified addresses in Lagos or Abuja.

Nigeria

Central Bank of Nigeria

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