The Central Bank of Nigeria (CBN) has approved a two-month temporary dispensation allowing authorised dealer banks (ADBs) to continue accepting expired National Agency for Food and Drug Administration and Control (NAFDAC) licences for the processing of Forms M.
The Form M is an import processing document used by
importers in Nigeria to register goods they want to bring into the country.
In a notice on Monday, the CBN said ADBs may accept NAFDAC
licences that expired on December 31, 2025, up until February 28, 2026.
The notice was signed by Aliyu Ashiru, director of the trade
and exchange department at the CBN.
“The temporary dispensation has become necessary due to the
transition from legacy NICIS II system and the inability of importers to
validate or renew NAFDAC licenses on B’Odogwu after December 2025,” the apex
bank said.
“Accordingly, all Authorised Dealer Banks are to note the
following: continue accepting NAFDAC licences that expired on December 31,
2025, for the purpose of processing Forms M.
“Ensure compliance with the terms of this dispensation,
which expires on February 28, 2026.”
The CBN said the measure is aimed at preventing disruptions
to trade processes while NAFDAC completes the integration of its systems with
the new national single window.
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