2007-11-06 | BSD/DIR/GEN/CIR/VOL.1/015

Reduction in the Period for Submission of the Statutory Returns to the CBN and NDIC

This circular informs all banks and discount houses about the new deadlines for submitting their statutory returns to the Central Bank of Nigeria (CBN) and National Deposit Insurance Corporation (NDIC). The deadline reductions are due to the automation of data extraction through the deployment of the Data Submission System in e-FASS. Banks must now submit daily, weekly, mid-monthly, monthly, quarterly, and semi-annual returns according to specified deadlines. Failing to meet these deadlines will result in appropriate sanctions. This circular takes immediate effect, as stated by the Director of Banking Supervision.

Nigeria

Central Bank of Nigeria

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