CBN Unveils e-Certificate Of Capital Importation

Poised to further enhance transparency and seamless inflow of foreign exchange by way of Foreign Direct of Portfolio investments to the country, the Central Bank of Nigeria (CBN), on Friday announced the deployment of an Electronic Certificate of Capital Importation (eCCI) platform.
A statement titled: Implementation of Electronic Certificate of Capital Importation (eCCI), dated September 7, 2017 and signed by Wuritka Dauda Gotring, director, Trade & Exchange Department of the CBN, said the new platform which replaces the hard copy CCI normally issued in respect of all capital inflows either in form of cash or machinery/equipment
He therefore announced that from Monday, September 11, 2017, “the processing of certificate of Capital Importation in Nigeria shall only be done electronically on the eCCI platform.