Tag: CBN Alerts Banks on Countries with High-Risk for Transactions

  • CBN Alerts Banks on Countries with High-Risk for Transactions

    CBN Alerts Banks on Countries with High-Risk for Transactions

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    by

    Olumide Akinrinlola
    in

      The Central Bank of Nigeria (CBN) has issued a crucial advisory to Nigerian banks, urging them to exercise caution when engaging in financial transactions involving entities and individuals from specific countries.   According to the CBN’s directive, issued on July 6, heightened vigilance is required when dealing with businesses and persons from the Russian…