Regulatory Alerts2014-08-19 | BPS/DIR/CIR/GEN/02/033Authorized Signatories Verification Portal for the Nigerian Banking Industry
The Nigerian Inter-Bank Settlement System (NIBSS) developed an industry portal for verifying authorized signatories in the Nigerian banking system to prevent fabrication of letters. Organizations, including banks, registrars, and insurance companies, must register their authorized signatories on this portal by August 29th, 2014. For training and access rights, organizations should contact NIBSS PLC directly.
Tuesday, 19 August 2014 To: All Deposit Money Banks, Registrars, Insurance Companies, Embassies, and Other Stakeholders INDUSTRY developed an industry portal for the verification of authorized signatories in the Nigerian banking system.
Embassies and any other user of the printed signature booklets, to avoid fabrication of letters as coming from the banks.
as staff change functions or move to other institutions.
In this regard, your organisation is expected to get in touch with NIBSS PLC, for the needed training and access rights to the portal, amongst others. The registration process and upload of the authorized signatories to the portal should be completed on or before 29th August 2014.
Should you require further clarification, please do not hesitate to contact soluyemi@nibssplc.com.ng (08023159950) or oadosumu@cbn.gov.ng Kindly note and ensure strict compliance.
irector, Banking and Payments System Department