Regulatory Alerts2017-10-17 | BPS/DIR/GEN/CIR/04/010Added · Updated
Further Clarification on the enforcement of GIFMIS Revenue Reference Numbers
The Central Bank of Nigeria has issued a circular to all deposit money banks, clarifying the enforcement of GIFMIS Revenue Reference Numbers. Not all revenue payments require the use of the RRN, and it only applies to payments going into the Consolidated Revenue Fund on behalf of Ministries, Departments, and Agencies under the GIFMIS Platform. Banks are instructed to ensure compliance to avoid revenue loss by the Federal Government.
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