Nigeria: Cashless Policy - CBN Exempts Embassies, Donor Agencies

28 March 2012

Lagos — The Central Bank of Nigeria said it has exempted all embassies, diplomatic missions, multilateral and aid donor agencies in Nigeria from penalties and charges on cash withdrawal and deposits with regards to the cashless Nigeria project.

The central bank said it is exempting them because Nigeria is a signatory to several treaties which exempt the institutions from all fees and charges in the host country.

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