Central Bank of Nigeria (CBN) on Sunday said customers can deposit dollar into their domiciliary accounts but are not allowed to transfer it to another party. In a statement, CBN, Corporate Communications Director, Isaac Okorafor, said the apex bank had not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs).
Monday, February 24, 2020
CBN sets rules for domiciliary account
Central Bank of Nigeria (CBN) on Sunday said customers can deposit dollar into their domiciliary accounts but are not allowed to transfer it to another party. In a statement, CBN, Corporate Communications Director, Isaac Okorafor, said the apex bank had not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs).
Nigerians Sue Speaker HOR Gbajabiamila And Reps Over Plan To Spend N5bn On Cars
Socio-Economic Rights and Accountability Project (SERAP) and 192 concerned Nigerians have filed a lawsuit asking the Federal High Court in Abuja to restrain Femi Gbajabiamila, Speaker of the House of Representatives and all members from spending N5billion to buy 400 exotic cars for principal officers and members. SERAP is also seeking a court order to and stop the National Assembly Service Commission from releasing any public funds to the House of Representatives to buy 400 Toyota Camry 2020 model cars estimated to cost $35,130 per car.