All posts tagged "Monitoring and Miscellaneous Exchange Act (FEMM)"

CBN Moves to Criminalise Possession of Foreign Currency for more than 30 Days without Depositing it in the Bank | Offenders to Face 2 years Imprisonment or pay 20% of Amount Involved

In a document titled “Working Paper” shared to members of the Chartered Institute of Bankers of Nigeria (CIBN), the Central Bank of Nigeria (CBN) is seeking powers...