The Special Investigator probing the Central Bank of Nigeria (CBN), Jim Obazee, has discovered 593 bank accounts located in the United States, United Kingdom and China in which the Central Bank of Nigeria (CBN), under Godwin Emefiele, kept Nigerian funds without authorisation by the Board and Investment Committee of the bank.
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The Central Bank of Nigeria (CBN) Investigator, Jim Obaze has discovered that the former apex bank governor, Godwin Emefiele allegedly committed 17 major infractions.
The Special Investigator on the Central Bank of Nigeria (CBN) and other related entities, Jim Obaze, has disclosed that the former apex bank governor, Godwin Emefiele, illegally lodged billions of naira in 593 foreign bank accounts.
Nigeria Deposit Insurance Corporation (NDIC) says it has paid insured sum of over N1.7 billion to customers, following the revocation of licenses of Microfinance Banks (MFBs) and four Primary Mortgage Banks (PMBs).
ASHENEWS reports that the Central Bank of Nigeria (CBN) has suspended new loan applications under its Intervention Program.
The President of the African Development Bank (AfDB), Akinwumi Adesina, says Africa is highly vulnerable to commodity price volatility.
The Naira, on Monday, depreciated to N1,170 per dollar in the parallel market from N1,166 per dollar last week Friday.
The Debt Management Office (DMO), on Monday, offered two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit.
A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to sanction banks that allowed customers to operate accounts without their BVN and NIN.
The Central Bank of Nigeria (CBN) says it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024.