Commercial Banks have started issuing out instruction to companies with Capital Importation Certificates (CCI) to submit it for migration to a new electronic form. See below one of the emails sent by Diamond Bank;
The Central Bank of Nigeria (CBN) in its bid to align with international best practices has commenced the process of automating the issuance of Certificate of Capital Importation (CCI). This will also improve service delivery and efficiency.
The CBN has mandated that all active CCIs should be migrated to this new system as physical CCIs will be phased out once this application goes-live.
In line with this directive, please submit the originals of all active CCIs to your branch or nearest branch on or before 28 November 2016 in order to help us capture and migrate your data to the new system.
For CCIs with utilization history especially for loans and divestments, please include the following:
Full details of payments including dates of payments
Purpose of payment (either interest or principal).
In order to make the process as seamless as possible, please note that:
Only CCIs issued by Diamond Bank (bank code – 063) will be accepted.
All Diamond Bank CCIs that have been transferred to other banks on request will not be accepted as they will be processed by the new bank.
We encourage you to comply with this directive as utilization of physical CCIs will not be allowed once the electronic certificate platform goes live.