2005-05-03 | TED/AD/50/2005 END-USER

Re: Delays in Submission of Forms "M" to the Inspection Agents

The Central Bank of Nigeria (CBN) has identified delays in issuing Clean Reports of Inspection (CRIs) for imports into the Onne Oil and Gas Free Zone due to late submission of completed Forms 'M' by designated banks. Authorised Dealers are reminded of the 1999 import guidelines that require banks to submit these forms within two weeks of registration, and any future delays will result in appropriate sanctions.

Nigeria

Central Bank of Nigeria

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