2013-09-26 | BPS/DIR/GEN/CIR/01/042

Exposure Draft of the Guidelines on Electronic Payments of Salaries, Pensions,Suppliers and Taxes in Nigeria

The Central Bank of Nigeria (CBN) releases an exposure draft of guidelines for electronic payments of salaries, pensions, suppliers, and taxes in Nigeria. The guidelines aim to promote the adoption of end-to-end electronic payments and outline the roles and responsibilities of stakeholders, including paying organizations, payment beneficiaries, financial institutions, and regulatory authorities. Compliance monitoring and enforcement will be conducted in stages, with penalties for non-compliance.

Nigeria

Central Bank of Nigeria

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