CBN Transaction Controls

Overview

Field	Value
Pack ID	nigeria/cbn
Full title	CBN Transaction Controls / NIP Framework
Regulator	Central Bank of Nigeria (CBN)
Jurisdiction	Nigeria (NG)

What comply54 enforces

NIP single-transaction cap (CBN NIP Framework §4.2)

The CBN NIP (Nigeria Inter-Bank Payment) Framework sets a ₦10,000,000 cap on individual electronic transfers. Any single transaction above this limit is prohibited.

result = compliance.check(
    action="transfer_funds",
    params={"amount": 15_000_000, "currency": "NGN"},
)
# decision: deny
# "CBN NIP Framework §4.2: Transaction of ₦15,000,000 exceeds the ₦10,000,000 single-transaction cap"

KYC tier limits

Tier	Single transaction	Daily cumulative
0 (no KYC)	deny — identity not verified	deny
1	₦200,000	₦500,000
2	₦2,000,000	₦5,000,000
3	₦10,000,000	₦20,000,000

# Tier 2 attempting ₦3M — exceeds Tier 2 single limit
result = compliance.check(
    action="transfer_funds",
    params={"amount": 3_000_000, "currency": "NGN"},
    context={"kyc_tier": 2},
)
# decision: deny

PEP screening

Transfers involving Politically Exposed Persons require escalation regardless of amount:

result = compliance.check(
    action="transfer_funds",
    params={"amount": 500_000, "currency": "NGN"},
    context={"kyc_tier": 3, "pep_flag": True},
)
# decision: escalate — "PEP screening required"

Foreign exchange

Non-NGN transfers are flagged for CBN FX policy review:

result = compliance.check(
    action="transfer_funds",
    params={"amount": 10_000, "currency": "USD"},
)
# decision: escalate — "Non-NGN transfer requires CBN FX policy review"

Input fields used

Field	Path	Description
Action	input.action	Must be "transfer_funds" to trigger CBN checks
Amount	input.params.amount	Numeric, in the specified currency
Currency	input.params.currency	ISO 4217 ("NGN", "USD", etc.)
KYC tier	input.context.kyc_tier	Integer 0–3
PEP flag	input.context.pep_flag	Boolean

Messages returned

CBN NIP Framework §4.2: Transaction of ₦15,000,000 exceeds the ₦10,000,000 single-transaction cap
CBN KYC Framework: Tier 2 single-transaction limit is ₦2,000,000 — ₦3,000,000 exceeds limit
CBN KYC Framework: No KYC tier — transaction blocked pending identity verification
CBN AML/CFT: PEP flag set — transaction requires compliance officer approval

Regulatory references

• CBN NIP Framework (latest revision)
• CBN Know Your Customer (KYC) Policy 2023
• CBN AML/CFT Regulations 2022