Forex Policy: CBN Directs Banks To Publish Names, BVN Of Defaulters

The Central Bank of Nigeria (CBN) has directed all banks in the country to publish the names and Bank Verification Number (BVN) of defaulters of its forex policy. According to a memo made available to Channels Television on Tuesday, the defaulters of the policy are those using fake visas and canceling air tickets after purchase of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA). The memo, which was signed by Director, Banking Supervision Department, Haruna Mustafa explained that this practice will affect the integrity and stability of the forex market. “The CBN has received and noted with concern reports

By |August 31st, 2021|Categories: News|Tags: , |0 Comments
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