CBN launches e-certificate of capital importation to boost FDI
The Electronic Certificate of Capital Importation (eCCI) platform introduced by the Central Bank of Nigeria (CBN) to boost foreign investment inflows into the country has taken off today,September 11, 2017.
The CBN said in a circular by its Director of Trade and Exchange, W.D Gotring that: “In a bid to enhance transparency and efficient processing of foreign investment flows to the country, the Central Bank of Nigeria hereby informs the authorised dealers and the public of the deployment of Electronic Certificate of Capital Importation (eCCI) platform.”
The circular, titled: Implementation of Electronic Certificate of Capital Importation (eCCI) platform, stated: “The eCCI shall replace the hard copy CCI that is typically issued with respect to capital inflows, cash and machinery inclusive.
“Consequently, effective from Monday 11th September, 2017, the processing of Certificate of Capital Importation in Nigeria shall only be done electronically on the eCCI platform,” added Gotring in the circular.
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