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CBN Issues Further Clarification on the Enforcement of GIFMIS Revenue Reference Number

Regulators	2953 VIEWS
Regulators
2953 VIEWS

Tuesday, October 24, 2017 9:25 AM / CBN

Further to our circular referenced BSPD/DIRGEN/CIR/04/009, dated 25^th September 2017, requesting all Deposit Money Banks (DMBs), to enforce the mandatory use of the GIFMIS Revenue Reference Numbers (RRN), at the point of Revenue collection into the TSA, the following clarification is hereby provided to aid its smooth implementation;

That not all Payments by revenue payers require the use of GIFMIS Revenue Reference Numbers, revenue collections that require the RRN will have a mandatory field for such on the Remita system.

That use of GIFMIS Revenue Reference Number applies only to payment going into the Consolidated Revenue Fund (CRF) on behalf of Ministries, Departments and Agencies (MDAs) under the GIFMIS Platform.

For further enquiries, clarification and support; please contact Funds Department, Office of the Accountant General of the Federation.

Consequently, Systemspecs Ltd has been directed to ensure that only MDAs whose names appear on the list provided by the OAGF are made mandatory on the Remita system for the use of GIFMIS Revenue Reference Numbers.

Please, take note of the clarification and ensure compliance, to avoid loss of revenue by the Federal Government.

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