2018-09-27 | BSD/DIR/GEN/LAB/11/019 /8

Exposure Draft-Guidelines on the Management of Investment Account Holders

The Central Bank of Nigeria (CBN) issues guidelines for managing investment accounts in non-interest financial institutions, focusing on Mudarabah and Wakalah contracts. NIFIs must meet specific requirements to recognize PSIA deposits as risk absorbent, including sound investment policies, risk management strategies, and IT systems. The CBN emphasizes the need for transparency and accountability through disclosures to ensure the protection of investment account holders' rights and interests.

Nigeria

Central Bank of Nigeria

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