Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/031
Title: List of Deposit Money Banks as at December 31, 2021
Summary: Financial institutions are required to conduct thorough due diligence on all customers before opening an account, and continuously monitor accounts for suspicious transactions. Institutions must keep a record of all transactions for a minimum period of five years, and report any suspicious transactions to appropriate authorities. Clients are also required to provide valid identification and adhere to all stipulated regulations and guidelines.
Posted on: Friday, December 31, 2021
Download: FPR/DIR/PUB/CIR/001/031