CBN didn’t ban domiciliary accounts deposits – Spokesman

By AdvocateNews on 24/02/2020

Share on facebook Yahoo mail icon Gmail icon

Views: 1,191


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

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

He said, “The bank has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks.”

“Only electronic fund transfers into domiciliary accounts can be transferred from such accounts while cash deposits into such accounts can only be withdrawn in cash also.”

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.

Posted 24/02/2020 06:51:39 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
MATTHEW KUKAH IN THE EYE OF A STORM...

Divorce: Anita Okoye allegedly demands $15,000 from Rudeboy...

Anambra 2021: PDP’s Maduka lambasts money seeking delegates...

Controversy surrounds Melaye’s whereabouts

Fasoranti’s Daughter: Nigeria may descend into anarchy, Ohanaeze...

Biafrans not terrorists, but want to be heard...

Enugu youths hail Gov. Ugwuanyi for giving them...

Suspected herdsmen burn Kogi school, timber contractor killed...

Abducted Zamfara Speaker’s father dies in captivity

Interpol arrests Adesanya, Abass for defrauding German Company...

Italian in police net for killing Nigerian wife,...

Buhari congratulates newly elected NUJ Executives

 

Latest News Violence, protests rock APC congresses, factions battle in states Senator Anyanwu emerges South East PDP Consensus candidate for Secretary Policemen allegedly used PoS to extort N25,000, assault passengers We've no business with you, don’t drag us into your Anambra election – IPOB warns INEC NAF denies paying N20m to avoid shooting down Buhari’s plane APC Congress: Three factional chairmen emerge in Akwa Ibom Former US President Bill Clinton released from hospital after treatment for infection Man, 25, kills 50-year-old rival he caught in lover’s room Police detain four officers over viral extortion video ‘We begged women to urinate for us to drink to stay alive’ FIRS to spend N2.8bn on uniforms, N550m on meals I’ll chew you raw if you talk against Oyedepo where I am – Pastor Ibiyeomie

 

Most Read Ebonyi bans embalming of corpses in homes (187,552 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (187,551 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (187,550 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (187,550 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (187,549 views) Sickle cell support group seeks government intervention (187,546 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (187,541 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (187,424 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (183,302 views) ASUU strike: Senate intervention ends in deadlock (182,702 views) All you need to know about Peter Obi, PDP VP Candidate (146,617 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (144,969 views)

 

 

SECTIONS FAITH (158) EDITORIAL (18) NEWS (6,942) POLITICS (495) SOCIETY (131) SPORTS (53) BUSINESS (367) HEALTH (58) EDUCATION (49) ENTERTAINMENT (51) INTERNATIONAL (178) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (38)

 

 


There are no video entries posted yet.