CENTRAL BANK OF NIGERIA CLARIFIES CIRCULAR ON THE OPERATION OF ORDINARY DOMICILIARY ACCOUNTS

Following misconceptions on the circular issued by the Central Bank of Nigeria (CBN) on 23rd February 2020 on the operation of Ordinary Domiciliary Accounts (ODAs) in Nigeria, the CBN has provided further clarification. The apex bank noted the need to set the records straight as Banks and their customers had interpreted the earlier circular as prohibiting the acceptance of foreign currency cash deposits by Deposit Money Banks

Following misconceptions on the circular issued by the Central Bank of Nigeria (CBN) on 23rd February 2020 on the operation of Ordinary Domiciliary Accounts (ODAs) in Nigeria,  the CBN has provided further clarification. The apex bank noted the need to set the records straight as Banks and their customers had interpreted the earlier circular as prohibiting the acceptance of foreign currency cash deposits by Deposit Money Banks

Attachments

CBN News Alert Picture

Contact Information

Head Office

2nd Floor. Mega House
19 CIPM Avenue, CBD Alausa
Ikeja Lagos, Nigeria
 

Fixed Lines: +2348090381864, +2348090381862
Mobile: 08053208436
Email:  info@dcsl.com.ng, badeyemi@dcsl.com.ng

Abuja Branch Office

Branch Office
Abuja: 5 Kokoma Close, off Buchanan Crescent, Wuse 2, Abuja.
Mobile : 08055402929, 08175402929