cbn guidelines

  1. CBN Enforces Stricter Regulations, Bars Banks and Fintechs from International Money Transfers

    Nigeria CBN Enforces Stricter Regulations, Bars Banks and Fintechs from International Money Transfers

    The Central Bank of Nigeria (CBN) has announced the prohibition of banks and financial technology companies (fintechs) from offering international money transfer services. This development, outlined in the revised guidelines for the operations of International Money Transfer Operators (IMTOs)...
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    Business Court Revises Order On Forfeiture of Bank Accounts Without BVN

    A Federal High Court in Abuja has revoked its earlier order for the interim forfeiture of any balance in a bank account without a Bank Verification Number (BVN). Justice Nnamdi Dimgba on Wednesday said the parties agreed that the order made on October 17 has some consequences against parties...
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