Regulatory Alerts2015-12-31 | FPR/DIR/GEN/CIR/01/035Payment of Annual License Renewal Fee Through Electronic Channels
The Central Bank of Nigeria is encouraging financial institutions to pay their annual licensing renewal fees through electronic channels as part of its Cashless Initiative. Bureaux De Change and Finance Companies are required to make payments through designated accounts with the Central Bank of Nigeria. Evidence of payment should be emailed to licensing.fprd@cbn.gov.ng.
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E-mail: fprd@cbn.gov.ng FPR/DIR/GEN/CIR/01/035 December 31, 2015 PAYMENT OF ANNUAL LICENSE RENEWAL FEE THROUGH ELECTRONIC CHANNELS Further to the Central Bank of Nigeria Cashless Initiative aimed at promoting electronic mode of payment with associated cost savings benefits, we wish to invite Financial Institutions to make their annual licensing renewal payments through electronic channels.
Bureaux De Change (BDC) and Finance Companies (FCs) are required to make such necessary payments through the following designated accounts with the Central Bank of Nigeria:
| ACCOUNT NAME | ACCOUNT NUMBER | |||
|---|---|---|---|---|
| BDC APPLICATION AND RENEWAL ACCOUNT | 0020487390039 | |||
| FINANCE | COMPANIES | APPLICATION | AND | 0020487390028 |
| RENEWAL ACCOUNT |
Evidence of payment should be mailed to licensing.fprd@cbn.gov.ng Strict compliance with this proposal would be appreciated, please.
KEVIN N. AMUGO DIRECTOR, FINANCIAL POLICY & REGULATIONS DEPARTMENT OF NIGERIA Department tral Business Dis Garki, Abuja.