The CBN Director, Corporate Communications, Mr Issac Okorafor made the clarification while speaking to newsmen in Abuja on Sunday.
Okorafor explained that only electronic fund transfers into Domiciliary accounts could also be transferred from such accounts while cash deposits into such accounts could as well allow to be withdrawn in cash also.
He said the clarification was necessary due to misrepresentation of facts and uncertainties surrounding the operations of domiciliary accounts in the country.
Okorafor therefore urged stakeholders and other interested parties in banking sector to always endeavour to seek clarification on issues.
According to him, rumours and speculative tendencies are detrimental to the financial system. (NAN)