NO BAN ON DOMICILIARY ACCOUNTS DEPOSITS – CBN

Written by on February 24, 2020

The Central Bank of Nigeria says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks.

In a statement on Sunday, the Director, Corporate Communications, Isaac Okorafor, clarified the uncertainties surrounding the operations of domiciliary accounts in Nigeria.

Okorafor therefore urged stakeholders and other interested parties to always endeavour to seek clarification on issues and avoid speculative tendencies which were detrimental to the financial system


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