2012-10-03 | FPR/DIR/CIR/GEN/01/031

Inclusion of INEC Voter's Registration Card as a Means of Customer's Identification

The Central Bank of Nigeria (CBN) has issued a circular to all banks and financial institutions in the country allowing the use of the Independent National Electoral Commission's (INEC) Voter's Registration Card as an additional means of identification for natural persons conducting banking business. This move is aimed at promoting financial inclusion by expanding the acceptable identification options beyond the previously specified AML/CFT Regulation 2009 requirements. The policy update was announced by AMUGO, K.N., on behalf of the Director of Financial Policy and Regulation Department.

Nigeria

Central Bank of Nigeria

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