2016-01-22 | FPRD/DIR/GEN/CIR/01/004

Refund of Mandatory Caution Deposit

The Central Bank of Nigeria has decided to refund the mandatory caution deposit of N35 million to all Bureau de Change operators, while retaining the N1 million licensing fee. Eligible BDCs can apply for a refund by providing evidence of payment and bank transfer details. This decision is communicated via a circular distributed by the Director of the Financial Policy and Regulation Department.

Nigeria

Central Bank of Nigeria

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