Section 71: Restriction on Operations of Agents of Banks.

(1) The Bank may, by guidelines, regulate the operations of agents of banks.
(2) An agent shall not accept any-
(a) withdrawal by cheque or be a direct member of the Nigeria Bankers Clearing System; or
(b) deposit above an amount which shall be prescribed, from time to time, by the Bank.
(3) For the purpose of this section, “agent" means a person, or an entity contracted by an institution and approved by the Bank to provide the services of the bank on behalf of the bank, in such manner as may be prescribed by the Bank.
(4) Any agent which contravenes any of the provisions of this section, commits an offence and is liable to a fine of not less than N50,000 and an additional penalty of N5,000 for each day during which such contravention continues.