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Federal finance and statistics / Central Bank of Nigeria

Exclusivity Clauses in the Agreements Signed by Nigerian Banks with International Money Transfer Operators

Keywords: cbn,central,bank,nigeria,bsd,banking,supervision,money,monetary policy,regulation,financial,services,industry,risk,management,soludo,imala,eke,BSD/DIR/CIR/GEN/VOL. 2/017,november 20, 2008,TO,ALL,DEPOSIT,MONEY BANKS EXCLUSIVITY CLAUSES IN THE AGREEMENTS SIGNED BY NIGERIAN BANKS WITH INTERNATIONAL MONEY TRANSFER OPERATORS The attention of the Central Bank of Nigeria has been drawn to the inclusion of exclusivity clauses in the agreements between International Money Transfer Operators and their agent banks in Nigeria. Such exclusivity clauses aimed at protecting the interest of the Inte…

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