CBN Decides to Refund Mandatory Caution Deposit to All BDC Operators

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Friday, January 22, 2016 05:17 PM / CBN


Given the recent development in the operations of BDCs in the economy, the CBN has decided as follows:


i.                    The refund of Mandatory Caution Deposit of N35 million to all BDC operators; and

 

ii.                 The retention of N1 million licensing fee.

 

Therefore, all eligible BDCs may wish to apply for refund of their caution deposits, attaching evidence of payment and bank transfer details.



 

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