Additional Regulatory Guidelines for the Operation of the Redesigned CRMS

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Wednesday, September 12, 2018 / 10:23 AM CBN 

Further to the Redesigned CRMS Go-Live in February 2017 and release of regulatory guidelines for some, attached document provides additional guidelines relating to: 

1.   Companies/Entities legally registered in Nigeria where ALL or SOME of their Board members ore Non-Nigerian Non-Resident Directors (NNNRDS)

2.  Federal, State or Local Government guarantee of loons or credit to any company/entity Agedly registered or established in Nigeria A

3.   Sunset period for closed records on the CRMS

4.   Loons to employees (direct and indirect) of Commercial, Merchant and Non-Interest Banks

Should there be need for additional clarification please do not hesitate to contact the Director, Financial Policy and Regulation Department, Central Bonk- of Nigeria or send on email to cbncrms1@cbn.gov.ng.


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Download Full Circular Here

 

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