#OBSURELEGALFACTS BY AROME ABU
INSTANCES WHERE THE CENTRAL BANK OF NIGERIA MAY OPEN
BANK ACCOUNTS FOR AND ACCEPT DEPOSITS
In Nigeria the Central Bank may open accounts for and accept
deposits from the Federal, State and Local Governments etc
However, the CBN is prohibited from opening accounts for or
accepting deposit from individuals.
See Section 27(b) & 34(h) of the CBN ACT.
Arome Abu is the Principal Partner of TCLP.
CAVEAT: Note that this information is provided for general
enlightenment purposes and is not intended to be any form of legal
advice.
Obscure Legal Facts is an exclusive daily publication of THE
COUNSEL L-P.
Plot 108 Idris Gidado
Way, Wuye, Abuja.
abuarome@gmail.com
+234 803 262 2359
+234 708 1156 539.
Twitter: @TheCounselLP
#OBSURELEGALFACTS BY AROME ABU
INSTANCES WHERE THE CENTRAL BANK OF NIGERIA MAY OPEN
BANK ACCOUNTS FOR AND ACCEPT DEPOSITS
In Nigeria the Central Bank may open accounts for and accept
deposits from the Federal, State and Local Governments etc
However, the CBN is prohibited from opening accounts for or
accepting deposit from individuals.
See Section 27(b) & 34(h) of the CBN ACT.
Arome Abu is the Principal Partner of TCLP.
CAVEAT: Note that this information is provided for general
enlightenment purposes and is not intended to be any form of legal
advice.
Obscure Legal Facts is an exclusive daily publication of THE
COUNSEL L-P.
Plot 108 Idris Gidado
Way, Wuye, Abuja.
abuarome@gmail.com
+234 803 262 2359
+234 708 1156 539.
Twitter: @TheCounselLP