October 21, 2019/CBN
Further to our previous circular on “Implementation of the Cash-less Policy” please be informed that currently, the following are the existing exemptions until March 31, 2020 when it will be reviewed:
- a) Revenue generating accounts of the Federal, State and Local Governments
- b) Embassies, Diplomatic Missions, Multilateral Agencies, Aid Donor Agencies in Nigeria, Ministries, Departments and Agencies of Government (revenue collection only)
- c) Mobile Money Operators (Float accounts only)
- d) Microfinance Banks (MFBs) and Primary Mortgage Institutions (PMIs) accounts with DMBs
Kindly ensure compliance
