Migration of physical CCIs due latest 28 November, 2016

Tax Alert | Migration of physical CCIs due latest 28 November, 2016

Some deposit money banks have recently sent out notices to customers to submit active (i.e. unutilized/partly utilized) physical certificates of capital importation (CCIs) for data capturing and migration to the new electronic format (e-CCI). This notice is in line with the recent activities of Central Bank of Nigeria (CBN) geared towards automating the process for issuance and administration of CCIs.