PAMCSPanel On Airspace Management & Control Systems (NATO)
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In its exposure draft containing guidelines for establishing PAMC, the bank said part of the requirements for granting of license is that there must be evidence of deposit of such amount into the designated account with CBN or any other amount that may be prescribed by the CBN from time to time.
The guideline obtained from the bank's website noted that the amount shall be refunded to the PAMC with the accrued interest upon grant of final licence.
Other requirements according to the apex banking regulatory institution are: detailed business plan or feasibility study, including the objectives of the PAMC, the need for the services of the PAMC, Supported with a detailed market survey.