• Latest
  • Trending
Forex ban: CBN directs banks to publish names of defaulters

Forex ban: CBN directs banks to publish names of defaulters

August 31, 2021
Adoji, Bar. Kabir, Halims, Okai, Tom Zekeri, Other Dignitaries Pay Last Respect To Igala Leader, Former NARSDA Boss Prof. Seidu Mohammed Onailo

Adoji, Bar. Kabir, Halims, Okai, Tom Zekeri, Other Dignitaries Pay Last Respect To Igala Leader, Former NARSDA Boss Prof. Seidu Mohammed Onailo

August 8, 2022
State pardon: Dariye, Nyame — ex-governors jailed for fraud — released from prison

State pardon: Dariye, Nyame — ex-governors jailed for fraud — released from prison

August 8, 2022
2023: Uzodinma Vows To Win Southeast For Tinubu

2023: Uzodinma Vows To Win Southeast For Tinubu

August 8, 2022
El-Rufai Will Join PDP Before 2023.

El-Rufai Will Join PDP Before 2023.

August 8, 2022
Breaking: Kizz Daniel Arrested In Tanzania

Breaking: Kizz Daniel Arrested In Tanzania

August 8, 2022
Igala ICON, Former (NASRDA) Boss, Prof Seidu Onailo Mohammed is dead.

Igala ICON, Former (NASRDA) Boss, Prof Seidu Onailo Mohammed is dead.

August 8, 2022
BREAKING: Soyinka Dissociates Self From Video Of Pyrates Confraternity Mocking Tinubu’s Health, Shaky Hands, Calls It Distasteful

BREAKING: Soyinka Dissociates Self From Video Of Pyrates Confraternity Mocking Tinubu’s Health, Shaky Hands, Calls It Distasteful

August 8, 2022
RE: Sanctity Of The Pulpit And Abdullahi Adamu

RE: Sanctity Of The Pulpit And Abdullahi Adamu

August 8, 2022
House of Reps: Buhari’s nephew, Hon. Fatuhu Muhammed, Member Representing Daura Zone In The House Of Representative Has Resign From APC.

House of Reps: Buhari’s nephew, Hon. Fatuhu Muhammed, Member Representing Daura Zone In The House Of Representative Has Resign From APC.

August 7, 2022
Islamic cleric Ahmad Gumi has said terrorists are recruiting herdsmen to carry out attacks.

Islamic cleric Ahmad Gumi has said terrorists are recruiting herdsmen to carry out attacks.

August 7, 2022
Atiku, Wike agree on reconciliation framework

Atiku, Wike agree on reconciliation framework

August 7, 2022
Nigerian universities good, even better than foreign institutions: Garba Shehu

Nigerian universities good, even better than foreign institutions: Garba Shehu

August 7, 2022
ADVERTISEMENT
  • Contact
  • Africa
  • Coronavirus
  • Documentaries
  • Local news
  • News
Tuesday, August 9, 2022
24 °c
Abuja
Wed
Thu
Fri
Sat
  • Login
Observer Times
  • Home
  • Politics
  • Business
  • Nation
  • Opinion
  • Crime
  • Entertainment
  • Inside Story
  • Sports
  • Tech
  • World
No Result
View All Result
  • Home
  • Politics
  • Business
  • Nation
  • Opinion
  • Crime
  • Entertainment
  • Inside Story
  • Sports
  • Tech
  • World
No Result
View All Result
Observers Times
No Result
View All Result
Home Business

Forex ban: CBN directs banks to publish names of defaulters

admin by admin
August 31, 2021
in Business
0
Forex ban: CBN directs banks to publish names of defaulters
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

DBN Photo story: DBN MD, Tony Okoanachi Meet Dr. Jumoke Oduwole, SA to the President on ease of doing business.

Breaking: DBN announce its sponsorship of the prestigious AFSIC – Investing in Africa 2022.

The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks.

In a circular issued on Tuesday, the bank outlined the fraudulent practices to include the use of fake visas and cancellation of air tickets after purchase of Personal Travel Allowance and Business Travel Allowance

Trending
FCCPC: It’s illegal to disconnect electricity without 10 days notice

The bank said the new directive was given to curb the unwholesome conduct of some unscrupulous customers who are trying to circumvent its new forex policy.

The circular which was addressed to all banks was titled, “Publication of names of Defaulters of a CBN policy on sale of Forex for PTA/BTA” and signed by the bank’s Director, Banking Supervision Department, Haruna Mustafa.
The circular read: “The CBN has received and noted with concern reports of sharp practices by some unscrupulous customers to circumvent the new CBN policy on the sale of forex for overseas personal and business travel.

Some of these unwholesome practices include the use of fake visas and cancellation of air tickets after purchase of PTA/BTA. This trend, if not curbed, portends risk to the integrity and stability of the forex market.

“Consequently, further to the various measures already put in place, all banks are hereby directed to publish on their websites the names and BVN of defaulting customers who present fake travel documents or cancel their tickets and fail to return the purchased PTA/BTA within two (weeks) as stipulated in the customer declaration form signed by them.”

Related

SendShareTweetSend
ADVERTISEMENT
admin

admin

Related Posts

DBN Photo story:  DBN MD, Tony Okoanachi Meet Dr. Jumoke Oduwole, SA to the President on ease of doing business.

DBN Photo story: DBN MD, Tony Okoanachi Meet Dr. Jumoke Oduwole, SA to the President on ease of doing business.

by admin
August 6, 2022
0

As part of our continued efforts to driving meaningful collaborations aimed at promoting growth across the MSME ecosystem in Nigeria,...

Breaking: DBN announce its sponsorship of the prestigious AFSIC – Investing in Africa 2022.

Breaking: DBN announce its sponsorship of the prestigious AFSIC – Investing in Africa 2022.

by admin
August 4, 2022
0

The Development Bank of Nigeria PLC is delighted to announce its sponsorship of the prestigious AFSIC - Investing in Africa...

FCCPC: It’s illegal to disconnect electricity without 10 days notice

FCCPC: It’s illegal to disconnect electricity without 10 days notice

by admin
August 4, 2022
0

The Federal Competition and Consumer Protection Commission (FCCPC) says it is illegal to disconnect a consumer from the source of...

Nigerians to pay more for data, phone calls as Buhari’s government announces tax increment to 12.5%

Nigerians to pay more for data, phone calls as Buhari’s government announces tax increment to 12.5%

by admin
July 31, 2022
0

Nigerians will soon start paying more for data, phone calls, and others as federal government under President Muhammadu Buhari has...

Blame NNPC for free fall of naira against dollar, Emefiele’s CBN tells Nigerians

Blame NNPC for free fall of naira against dollar, Emefiele’s CBN tells Nigerians

by admin
July 31, 2022
0

The Central Bank of Nigeria under the leadership of Godwin Emefiele has asked Nigerians to blame the Nigeria National Petroleum...

Next Post
Kogi Road Collapse: Use alternative routes- FRSC urges motorists plying Lokoja-Kabba Highway

Kogi Road Collapse: Use alternative routes- FRSC urges motorists plying Lokoja-Kabba Highway

No More Cut Off Mark For University And Polytechnic as JAMB Cancels UTME Cut-Off Marks

No More Cut Off Mark For University And Polytechnic as JAMB Cancels UTME Cut-Off Marks

RECOMMENDED

Adoji, Bar. Kabir, Halims, Okai, Tom Zekeri, Other Dignitaries Pay Last Respect To Igala Leader, Former NARSDA Boss Prof. Seidu Mohammed Onailo

Adoji, Bar. Kabir, Halims, Okai, Tom Zekeri, Other Dignitaries Pay Last Respect To Igala Leader, Former NARSDA Boss Prof. Seidu Mohammed Onailo

August 8, 2022
State pardon: Dariye, Nyame — ex-governors jailed for fraud — released from prison

State pardon: Dariye, Nyame — ex-governors jailed for fraud — released from prison

August 8, 2022
  • 651 Followers

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Observers Times News

We bring you the best reportage that is perfect for credible news in politics, business, sports, entertainment and many more...

CATEGORY

  • Africa
  • Apps
  • Business
  • Coronavirus
  • Crime
  • Documentaries
  • Education
  • Entertainment
  • Fashion
  • Featured
  • Food
  • Gadget
  • Gaming
  • Health
  • Inside Story
  • Jobs
  • Judiciary
  • Latest
  • Life style
  • Lifestyle
  • Local news
  • Mobile
  • Movie
  • Music
  • Nation
  • News
  • Opinion
  • Politics
  • Politics1
  • Research
  • Review
  • Science
  • Sports
  • Startup
  • Stories
  • Tech
  • Travel
  • Uncategorized
  • USA
  • World
August 2021
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Jul   Sep »
  • Contact
  • Africa
  • Coronavirus
  • Documentaries
  • Local news
  • News

© 2021 Observers Times - (c) 2021 All Rights Reserved.

No Result
View All Result
  • Home
  • Politics
  • Nation
  • Crime
  • Inside Story
  • Opinion
  • Entertainment
  • Sports
  • Contact

© 2021 Observers Times - (c) 2021 All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In