Corporate Governance

A transfer to or from a foreign country of funds and securities of a sum exceeding $10,000 US Dollars or its equivalent in any other currency as required by section 2(1) of the MLPA, 2011 (as amended) – Foreign Transaction Reports (FTRs).

Any single transaction, lodgment or transfer of funds in excess of NGN 5,000,000 or its equivalent by an individual and NGN 10,000,000 or its equivalent by a corporate entity as provided in section 10(1) of the MLPA, 2011 (as amended)-Currency Transaction Report (CTRs).

Suspicious transactions irrespective of the amount as required by section 6(2) of the MLPA, 2011 (as amended) and section 14 of the TPA, 2011 (as amended)- Suspicious Transaction Reports (STRs).