2012-03-27 | BPS/DIR/GEN/CIR/01/004

Industry Policy on Retail Cash Collection and Lodgement as it Affects Specialized International Institutions

The Central Bank of Nigeria exempts all embassies, diplomatic missions, multilateral, and aid donor agencies from penalties and charges on cash withdrawal and deposits under the Cashless Nigeria project. This exemption is in accordance with Nigeria being a signatory to several treaties that exempt these institutions from fees and charges in host countries as part of international practice and sovereign states do not impose financial penalties on other sovereign states.

Nigeria

Central Bank of Nigeria

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