What are CBN Requirements to obtain Approval-in-Principle?

Ask a Lawyer › Category: Banking and Corporate Finance › What are CBN Requirements to obtain Approval-in-Principle?
Emeka asked 10 years ago
What are Central Bank of Nigeria (CBN) requirements to obtain Approval-in-Principle to register a Savings & Loans Company at the Corporate Affair Commission, Abuja (CAC) ?
1 Answers
Yomi AudifferenYomi Audifferen answered 10 years ago
Preliminary requirements of the CBN for grant of approval in principle can be found in the following linked CBN publication. Please note that the publication it is several years old though. The publication is headed: "REQUIREMENTS FOR GRANT OF FINAL LICENCE" https://www.cbn.gov.ng/OUT/CIRCULARS/BSD/2005/REQUIREMENTS%20FOR%20NEW%20BANKING%20LICENSE.PDF
 
Next Post

Can Garnishee Proceedings Continue When Stay Of Execution Has Been Filed?