CENTRAL BANK OF NIGERIA INTRODUCES e-CAPITAL IMPORTATION CERTIFICATE

As coming Monday, September 11, 2017, all certificates for capital importation (CCI) into Nigeria will be processed electronically thus replacing the manual certificates with e-certificates.

According to a notice to all authorised dealers and the general public dated yesterday September 7 but posted on its website today September 8, the Central Bank Of Nigeria has introduced a platform for this purpose and everything can now be done on line.

The notice was signed by W. D. Gotring, Director, Trade and Exchange saying "accordingly the eCCI shall replace the hard copy CCI normally issued in respect of all capital inflows either in form of cash or machinery/equipment"

"Consequently" it added "effective from Monday 11, September  2017 the processing of CCI in Nigeria shall only be done electronically on the eCCI platform"

The CCI is normally issued to cover all capital inflows into Nigeria to make it easier to repartriate dividends; repayment principals or even transfer divested funds.

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