Sam Okojere, Director, Banking Services Department, who gave the advice in a circular posted on the CBN website, said it had become imperative for the Apex bank to enlighten stakeholders about the circular, which had been interpreted differently from the intended purpose.
Browsing: Sam Okojere
The directive was outlined in a circular by Sam Okojere, CBN’s Director, Banking Services Department.
A statement signed by the Director, Payments System Management Department at the Bank, Sam Okojere, also announced a downward review of the Merchant Service Charge from 0.75 per cent capped at N1,200 to 0.50 per cent capped at N1,000
The Central Bank of Nigeria has issued a directive for the commencement of the end-to-end electronic payment of salaries, pensions, suppliers and taxes in the country.