Less than two weeks after it sanctioned two major banks for flouting Federal Government directives on Treasury Single Account, the Central Bank of Nigeria (CBN) has imposed a fine of N4 billion on Skye Bank for concealing funds belonging to Ministries,Departments and Agencies (MDAs). In a circular from CBN, addressed to …
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The Central Bank of Nigeria (CBN) came down hard on the Financial Reporting Council of Nigeria (FRCN) saying the Council’s indictment of Stanbic IBTC Holdings Plc (SIBTCH) is baseless and lacking in merit. The CBN Governor, Godin Emefiele who registered the bank’s displeasure with the Council in a letter addressed …
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The Director,African Development Bank (ADB),Nigeria Country Office, Dr.Ousmane Dore has disclosed that the country lost $83.3 billion between 1960 to 2011 to Illicit financial flows. Dore said the lost was through the over invoicing of imports and under invoking of exports through the inability of the Federal Inland Revenue Service …
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Wema Bank plc has reiterated its commitment of excellent consumer services to its customers by launching a customer ‘Service Charter’ to kick off the 2015 customer service week and the banks’ 70-year anniversary. The Service Charter defines the standard of service customers should expect from the bank and will also …
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Bank customers that fail to meet October 31 deadline for Bank Verification Number (BVN) registration will not be able to enjoy banking services until they comply. Newsextra24 learnt. This is even as over 20 million customers have been enrolled by the various banks in the ongoing exercise based on data …
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The Assets Management Company of Nigeria (AMCON), in its debt recovery process has taken over a building belonging to a construction company,G.Cappa over its unpaid N1.2 Billion debt. The building is located at 8,Taylor road,Ebute-Metta, Lagos and it is in line with the order of the Federal high court in …
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