Updated penalty on inappropriate cash disbursement practices by Deposit Money Banks (DMBs).
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| Central Bank of Nigeria (CBN) |
The Central Bank of Nigeria (CBN) has warned, for “any illicit flow of mint banknotes to currency hawkers, thus, impeding efficient and effective distribution to banks’ customers and general public, the erring Deposit Money Bank shall be penalised at first instance ₦150,000,000…”
Full Update below:
