CBN Says Exports Without Export Proceeds Number Will Be Sanction

Godwin Emefiele CBN Governor

The Central Bank of Nigeria, (CBN), said exporters who ship out goods without Nigerian Export Proceeds (NXP) numbers will be sanction.

Governor of CBN, Godwin Emefiele, disclosed this during a virtual meeting, noting that it has been discovered that many shipping companies do not comply with the Federal Government directives that such shipments carry NXP number.

Meanwhile, the Executive Secretary of Nigerian Shippers’ Council, NSC, Hassan Bello, said the Shipper’s Council in partnership with the CBN  has carried out three sensitization meetings in Lagos and Port Harcourt to educate shipping companies and exporters on the need to implement the directive on the NXP.

In a statement by the Head, Public Relations of Shippers Council, Rakiya Zubairu, Bello pointed out that the NSC would work with other agencies of government to ensure full compliance, so that exports without the NXP is discontinued.

Emefiele had stated: “We are going to set up an auto system, where if someone wants to send cargo, copies of the NXP form will be sent directly to you. So, that if you don’t have it online on your system where the NXP has been registered, you turn back that cargo.

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