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CBN Issues More Guidelines On Diaspora Remittances, To Sanction Violators

The Central Bank of Nigeria (CBN) has issued additional guidelines to International Money Transfer Operators (IMTOs) and Payment Service Providers (PSPs) clarifying some misunderstanding of some of the players about its recent policy pronouncements on Diaspora remittances. The apex bank, in a circular with Reference No PSM/DIR/CON/CWD/16/119 dated December 16, 2020 titled ‘Receipt of Diaspora […]