Ibrahim, who made the disclosure when he appeared before the Senate Committee on Banking and Currency to defend NDIC’s 2014 budget, said the licences of the 83 banks had been revoked by CBN
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The CBN, in a circular released by and obtained by the News Agency of Nigeria on Friday in Lagos, said that the revoked BDCs had inadequate documentations on huge foreign exchange purchased from banks
Meanwhile the suspended governor has dragged Jonathan before an Abuja Federal High Court in a suit he filed to challenge his suspension from office. In the application filed on his behalf by his lawyer, Kola Awodein (SAN), Sanusi is asking the court to restrain the President, the Attorney General of the Federation and the Inspector General of Police from giving effect to his purported suspension from office as the CBN governor, pending the determination of the suit
This was contained in a statement by the CBN Deputy Director of Communication, Isaac Okoroafor, in Abuja
This was contained in a statement issued by Isaac Okorafor, the Deputy Director, Corporate Communication of the CBN, on Thursday in Abuja
Adoke stated this on Thursday when he appeared before the Senate Committee on Finance to give his opinion on the monetary transactions of the Nigeria National Petroleum Corporation in its remittances between 2012 and 2013
Emefiele was nominated by President Goodluck Jonathan following the sack of Mallam Sanusi Lamido Sanusi as the CBN governor
Some of the operators, who spoke with the News Agency of Nigeria in separate interviews in Lagos, said that the CBN’s tight monetary policies impacted the market negatively
The statement said this was not the first time the CBN governor would be making wild allegations about the NNPC
Tambuwal made the pledge at a public hearing on a bill to establish the Nigerian Financial Intelligence Agency, organised by the House Committee on Drugs, Narcotics and Financial Crimes
NAN recalls that banks in Offa were shut on December 19, 2013 when armed robbers stormed some banks in the town, killing a number of people
Adeyeye, who said it was worrisome that the Governor Kayode Fayemi-led government has not been able to tell the people the exact amount it is owing, maintained that the N5 billion bond just taken by the government was to fund the governor’s second term bid
He explained that the RTGS was an inter bank payment infrastructure that was facilitating the real time settlement of electronic funds transfers on gross and irrevocable basis
It warned that any move to suspend Sanusi and use security forces to prevent him from entering his office, as reported by the media, will even be worse, because it will mean that the President is willing to circumvent the provision of the law that the Governor of the CBN can only be removed by two-thirds of the Senate membership
This is coming on the heels of the successful fulfillment of the CBN’s guidelines for the acquisition of the Primary Mortgage Institution by the Nigeria Police Force
Muslims supported Islamic banking because it had “Islam” appended to it. Christians opposed it because of the same “Islam” in its name, and no one opened the box to see what the contents were
Alade, who is the Deputy Governor for Economic Policy, made the statement in Lagos at the presentation of the IMF 2013 Regional Economic Outlook for Sub-Sahara Africa
He said: “We will start applying the charges from the second of October, which is Wednesday, because the three months moratorium would have expired
According to the apex bank’s Website, out of the sum, $45.67 billion was in liquid form, while $1.22 billion was “blocked”
“The public will get a large quantity of the new notes to replace the old and mutilated notes, particularly the higher denomination notes, in the first instance, then later the lower denominations