Regulatory Alerts2011-04-13 | OFISD-01-2011MFB Monthly Online Rendition Of Returns To CBN Via FinA System
The Central Bank of Nigeria (CBN) has mandated all Microfinance Banks (MFBs) to electronically submit their monthly returns via the FinA system, starting with January 2011 returns. MFBs must obtain their assigned codes from the CBN website and use these codes to rename their Master Files using a specific naming convention before submitting monthly returns by emailing mfbreturns@cbn.gov.ng. Additionally, MFBs are required to open an institutional email address starting with their bank name by April 30th, 2011 and submit these addresses to the Director of Other Financial Institutions Supervision Department. Failure to comply could result in sanctions.
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