2008-10-17 | TED-FEM-FPC-GEN-01-110-08

Directive to Forward the Account Details of the Following Illegal Fund Managers/"Wonder Banks" to the CBN

This circular issued on October 15, 2008 instructs all Nigerian banks to promptly provide the Central Bank of Nigeria with detailed information about any accounts linked to a list of 28 illegal fund managers and "Wonder Banks" they have come across. The required details include account numbers, number of accounts held, branches where these accounts were opened, the names and addresses of the signatories to the accounts, as well as their respective account balances on certain specified dates. It emphasizes that banks should also report any related accounts owned by these entities or individuals within a 7-day timeframe.

Nigeria

Central Bank of Nigeria

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