2010-01-29 | BOD/PSV2020/OPS/144B

Draft Guidelines on Electronic Payments of Salary and Pension in Nigeria

The Central Bank of Nigeria (CBN) has issued guidelines for electronic payments of salaries and pensions, aiming for all organizations with over 50 employees to adopt this method by December 2010. The guidelines outline the roles and responsibilities of employers, employees, banks, and other stakeholders in ensuring secure and efficient electronic payments. CBN will approve and license service providers, set standard charges, and promote awareness among stakeholders.

Nigeria

Central Bank of Nigeria

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