2024-03-05 | FPR/DIR/PUB/LET/001/022

Letter to all Primary Mortgage Banks - Late and Non-Rendition of Statutory Monthly Returns to the Central Bank of Nigeria through the FinA Application

The Central Bank of Nigeria is reminding primary mortgage banks (PMBs) about the importance of submitting their monthly FinA returns on time, as per the Banks and Other Financial Institutions Act (BOFIA) 2020 and other regulations. PMBs must submit their returns by the 5th day after the month-end, or the previous workday if the 5th falls on a weekend or holiday. Late or non-submission of returns will be sanctioned, and technical issues must be reported to the CBN before the deadline.

Tags
disclosure
enforcement
credit
operational