FG to sanction banks, exporters over export proceed delay

The Federal Government has said it will henceforth sanction Deposit Money Banks, exporters and other stakeholders involved in the delay of repatriation of export proceeds.

This is contained in new import-export guidelines unveiled by the Federal Government, a copy of which was obtained by Punch correspondent.

The sanctions were contained in the 14-page Export Guidelines for Non-Oil Exports, 14-page Export Guidelines for Oil and Gas Exports, and 18-page Import Guidelines.

Punch, December 3, 2017

 

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