₦airaland Forum

FX cash deposit into domiciliary account can only be done by the dom account holder.

Newsone Nigeria understands that an internal memo of the Central Bank of Nigeria (CBN), shows that forex cash lodgements into domiciliary accounts can only be done by the account owners.

The strict rule on FX cash by the CBN means if you travel to the United Kingdom (UK) and urgently need some FX to fund your debit card, you will have to return to Nigeria, buy the dollar, pay into your card and return to the UK to continue your shopping.

The CBN memo said the new guidelines are necessary to review the utilisation of inflows into customers domiciliary accounts.

“Forex inflows cannot be credited to customers until the legitimacy of funds is established,” the document read.

“They can have unfettered access by telegraphic transfers up to a limit of $40,000 monthly for payment of medical bills, school fees, subscription to professional bodies subject to existing CBN guidelines."

READ FULL DETAILS: https://newsoneng.com/2020/09/23/cbn-gives-strict-rules-on-transfer-of-fx-cash-into-domiciliary-account/

Come back to Nigeria, fund their Account and then fly back to U.K. Iyen na nice

Hahahahahahahaha! most confused set of leaders.

Abeg, fellow nigerians, stop voting APC and lets chase them away come 2023. We thought PDP was bad but these ones are more clownish and confused than PDP.

CBN is only controlling forex escape in large volumes for purchase of liabilities to the country.

Fucking CBN

@Op that's myopic of you to say, dormiciliary accounts can as well be funded via transfer. Why not buy and the bdc transfers to your account

Amitez:
Hahahahahahahaha! most confused set of leaders.

Abeg, fellow nigerians, stop voting APC[i][/i] and lets chase them away come 2023. We thought PDP was bad but these ones are more clownish and confused than PDP.

when we have just started voting Apc,...and its just been 5 years, 11 more years before you start comparism... Pdp should bury their head in shame considering they had 16 years to make us avoid this current situation and failed, had they performed as they should we wouldn't be here

;Dw

Difrent:
when we have just started voting Apc,...and its just been 5 years, 11 more years before you start comparism... Pdp should bury their head in shame considering they had 16 years to make us avoid this current situation and failed, had they performed as they should we wouldn't be here

Calcified brain! Dollar was 199N when PDP left and in 5 yrs, it is 460 now.. 130%

BigIyanga:
Calcified brain! Dollar was 199N when PDP left and in 5 yrs, it is 460 now.. 130%

mumu Crude oil was selling over 100 dollars when pdp left, its now less than 30 dollars, where is all the money ?

Anyone who still supports Buhari is mentally deranged

Difrent:
mumu Crude oil was selling over 100 dollars when pdp left, its now less than 30 dollars, where is all the money ?

That's why buhari thought you.. Lie lie people.

http://saharareporters.com/2020/09/22/revealed-how-buhari-spent-five-years-repeating-same-lies-about-oil-price-and-production

Na wah.

The likes of Hushpuppy will not like this.