Friday, 17 August 2012

Institute petitions SEC over CBN’s directives on NUBAN

                        
Guardian, 14 August 2012

THE Institute of Capital Market Registrars (ICMR) has forwarded a petition to the Director-General of Securities and Exchange Commission (SEC), Ms Arunma Oteh, seeking her intervention in respect of a recent policy directive from the Central Bank of Nigeria (CBN), that all banks should comply with the Nigeria Uniform Bank Account Number (NUBAN) scheme.

The Registrar/Chief Executive of ICMR, Dr David Ogoro, who confirmed the development in an interview with The Guardian yesterday, advised the SEC DG to initiate discussions with the CBN.

In the petition with ref: ICMR/11/012/181, the institute said: “We forward herein a letter from First Registrars Nigeria Limited dated 25th July, 2012 which captures the experience of many registrar outfits in connection with dividend warrants already in circulation”

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