ASHENEWS reports that the Central Bank of Nigeria (CBN) has revoked the banking license of Heritage Bank.
Browsing: CBN
The judge also ordered the EFCC to publish the interim forfeiture order in a national newspaper for anyone interested in the money sought to be forfeited to appear before the Court and show cause within 14 days why the final order of forfeiture of the said sum should not be made.
“We humbly requested the implementation of the amendment. (But) the extract from the COG did not approve item one and item three. While item two was modified to include N200 denomination, the proposal for the exercise in 2023 wasn’t approved by the COG
In the latest shakesup at the CBN, around 200 individuals have already had their engagement letters signed and will receive them in the upcoming days.
This adds to the list of 117 staff sacked by the bank between March 15 and April 11, 2024.
“This is one of the weakest links we have in Nigeria. We promulgate policies without testing the impacts on human welfare gains and losses. Otherwise, the apex bank could have shown why reversing the policy would have hurt Nigeria, or did it not have any benefit to start with?
The CBN, in its latest circular dated May 17, 2024, referred to the earlier May 6, 2024 circular and advised financial institutions that the initial circular on the implementation of the cybersecurity levy “is hereby withdrawn”.
The anti-graft agency is accusing Emefiele of “illegal” printing of naira notes in its fresh charge.
An Information Communication Technology (ICT) expert, Mr Jide Awe, has called on the Federal Government to focus on strengthening cybersecurity rather than floating levies that will further worsen the economic hardship of Nigerians.
The lawmaker said that unless immediate steps were taken to halt the proposed action of the CBN, the cybercrime would be implemented in error.