CBN READS RIOT ACT TO SHIPPING COMPANIES
Governor of the Central Bank of Nigeria, Godwin Emefiele
Non-compliance by shipping lines to the directive by the Federal Government that all export goods leaving the country should carry Nigerian Export Proceeds (NXP) numbers was the focus of discussions during a meeting recently convened by the Central Bank of Nigeria.
Chairing the virtual meeting, CBN Governor, Mr. Godwin Emefiele, stated that the Apex bank, following a directive by the Federal Government to audit shipping companies to ensure that the all shipping documents carry the NXP number, discovered that several shipping companies were wanting and this non-compliance would attract strict sanctions.
Speaking on the issue, the Executive Secretary/CEO of Nigerian Shippers' Council (NSC), Mr. Hassan Bello, said Shipper's Co...