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Central Bank of Nigeria

Sanctions Grid to Deposit Money Banks That Participate Under the Central Bank of Nigeria- Nigeria Electricity Market Stabilization Facility (CBN-NEMSF)

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Author
Central Bank of Nigeria
Year
2016
Pages
7 pages

This document establishes a sanctions grid for deposit money banks participating in the Central Bank of Nigeria-Nigeria Electricity Market Stabilization Facility. It identifies infractions involving account statements, transaction processing, collection and principal accounts, repayment remittances, unauthorized accounts, disclosure obligations, and false information, with sanctions including…

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