Regulatory Alerts2017-09-07 | TED/FEM/FP/GEN/01/012Implementation of Electronic Certificate of Capital Importation (eCCI)
The Central Bank of Nigeria has introduced an Electronic Certificate of Capital Importation (eCCI) platform to enhance transparency and efficient processing of foreign investment inflows. Beginning September 11, 2017, all Certificates of Capital Importation will be processed electronically on this platform, replacing the traditional hard copy certificates. Compliance with this change is mandatory for authorized dealers and the public.
ntral Business Distric .M.B. 0187, Garki, Abuja, FCT TRADE AND EXCHANGE DEPARTMENT 09 462 37804 09 462 37802 e-mail: ted@cbn.gov.ng TED/FEM/FPC/GEN/01/012 September 7, 2017 TO: ALL AUTHORISED DEALERS AND THE GENERAL PUBLIC IMPLEMENTATION OF ELECTRONIC CERTIFICATE OF CAPITAL IMPORTATION (eCCI) In a bid to enhance transparency and efficient processing of foreign investment flows to the country, the Central Bank of Nigeria hereby informs the Authorised dealers and the public of the deployment of Electronic Certificate of Capital Importation (eCCI) platform. Accordingly, the eCCI shall replace the hard copy CCI normally issued in respect of all capital inflows either in form of cash or machinery/equipment.
Consequently, effective from Monday 11th September, 2017, the processing of Certificate of Capital Importation in Nigeria shall only be done electronically on the eCCI platform.
Please note and ensure compliance accordingly.
W.D/ Gotring Director Trade & Exchange Department