Director of Corporate Communications of the CBN, Isa AbdulMumin, disclosed this in Abuja yesterday.
He added that in due course, the apex bank would extend the platform to other categories of licences. By digitising the application process, the bank aims to improve accessibility, reduce paperwork, and expedite licence approvals, benefiting both applicants and the economy, he said. The parallel run will end on December 31, 2023. Thereafter, manual submissions of hardcopy MFB licence applications will no longer be required and accepted.
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