Beginning today, the Central Bank of Nigeria (CBN) has introduced Electronic Certificate of Capital Importation (eCCI) platform to boost foreign investment inflows to Nigeria.
“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 CBN announced in a circular signed by Director, Trade and Exchange, CBN, Mr W.D Gotring. The circular is titled ‘Implementation of Electronic Certificate of Capital Importation (eCCI) platform.’
“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.