Cashless Policy: CBN exempt selected bodies till 2020

The Central bank of Nigeria, CBN, has exempted selected government agencies, embassies etc from the cashless policy implementation till March 2020. CBN made this announcement through a circular signed by Sam Okojere, CBN’s director of Payments System Management Department.

The categories of those exempted are

  • Revenue generating accounts of local, state and federal governments.
  • Embassies, diplomatic missions, multilateral agencies, aid donor agencies in Nigeria, revenue collecting MDAs
  • Mobie Money Operators (Float accounts only)
  • Microfinance Banks and Primary Mortgage Institutions accounts with DMBs