2013-04-19 | TED/FEM/FPC/GEN/01/004

Uncollected Risk Assessment Report (RAR)

The Central Bank of Nigeria's Trade and Exchange Department has requested all importers to collect uncollected Risk Assessment Reports (RARs) by April 30th, 2013, as failure to do so may result in imposition of sanctions such as suspension from the foreign exchange market. Authorised Dealers are also required to provide monthly returns of all uncollected RARs until May 7th, 2013, and ensure compliance to avoid potential penalties.

Tags
fx
sanctions
taxation
enforcement