2006-09-22 | OFID-07-2006

Submission of Final Shipping Documents

The Central Bank of Nigeria has reminded all authorized dealers, importers, and the general public that submitting final shipping documents within 90 days after negotiating a transaction is mandatory. Failure to comply with this requirement could result in foreign exchange embargoes for defaulters. Authorized Dealers are also required to update their Monthly Returns DTR 216 and report any non-compliant importers. Submitting false or inaccurate returns may attract appropriate sanctions as provided by BOFIA.

Nigeria

Central Bank of Nigeria

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