CBN issues guidelines on disposal of non-permissible income

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The Central Bank of Nigeria (CBN) said on Wednesday that in its efforts to standardize the treatment and disposal of Non-Permissible Income (NPI) by the Non-Interest Financial Institutions in Nigeria, it has issued guidelines on disposal of non-permissible income.

According to a circular to all Non-Interest Financial Institutions (NIFIs) signed by Director, Financial Policy and Regulation Department, Chi O A. Efobi, the guidelines may be accessed from the CBN website (ooo.cbn.gov.rig), and all Non-Interest Financial Institutions are therefore required to comply accordingly as non-compliance will attract appropriate sanctions.

See Copy of Circular Here:

 

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