New CBN Rule Mandates Bank Customers to Indemnify Banks For Transfers Above N1 Million - Legit.ng

A new directive from the Central Bank of Nigeria has placed the risk of transfer on bank customers for any transactions from N1 for persons and N10 businesses.

• The Central Bank of Nigeria has issued a new directive to banks asking them to charge indemnity on transfers above N 1 million for individuals and N10 million for corporate bodies
• The… [+3071 chars]
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