2014-12-02 | BPS/DIR/GEN/CIR/05/006

Exposure Draft on the Licensing Framework For Super-Agents

The Central Bank of Nigeria (CBN) releases an exposure draft on licensing Super-Agents for electronic payment systems. The draft outlines application and approval requirements, minimum criteria, and necessary documentation for prospective Super-Agents. CBN will have the power to request information, inspect premises, and direct actions or terminations of Super-Agents and FIs. Non-compliance may result in sanctions.

Nigeria

Central Bank of Nigeria

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