Regulatory Alerts2013-05-24 | BPS/DIR/GEN/CIR/01/015Added · Updated
Extension of Cash-less Policy to Five States and the FCT
The Nigerian Central Bank's directive extends Nigeria's cashless policy to five additional states - Abia, Anambra, Kano, Ogun, and Rivers, as well as the Federal Capital Territory. Deposit Money Banks in these areas are instructed to educate customers about the new limits on cash withdrawals and deposits, provide training for staff to handle customer queries and complaints, conduct a media campaign, and maintain communication with the Cashless office at the CBN for support. The implementation team will carry out spot checks on banks' branches to ensure compliance.
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payments
monetary
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