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Category: Banking

WATCH OUT!!! CBN HAS IMPOSED ADDITIONAL CHARGES ON PERSONAL ACCOUNTS, WHETHER YOU ARE WITHDRAWING OR PAYING

Posted onSeptember 18, 2019September 18, 2019

Effective Wednesday, September 18, cash deposits and withdrawals from individual bank accounts are to attract addition charges, the Central Bank of Nigeria said on Tuesday. In a circular to all deposit money bank (DMBs), the Director, Payments System Management Department at the CBN, Sam Okojere, Read More …

CategoriesBanking

9 BANKS SCALE CBN’S DIVIDEND PAYMENT HURDLE, 4 FAIL

Posted onAugust 5, 2019August 5, 2019

DIVIDEND pay-out in banks rose 12.6 percent for their financial year ended December 2018 despite the dividend restriction policy introduced by the Central Bank of Nigeria, CBN. About nine banks scaled the CBN hurdle while four were caught napping. CBN Cadbury Nigeria shareholders approve N471m Read More …

CategoriesBankingTagsBanking, CBN, DIVIDEND payment

FIRST BANK MANAGER CHARGED TO COURT FOR STEALING 52MIL

Posted onJune 12, 2019June 12, 2019

  Oluwatosin Omojuyigbe A customer relationship manager with First Bank of Nigeria Limited, Kehinde Adewuyi, was on Tuesday arraigned before the Igbosere Magistrates’ Court for allegedly converting the sum of N52,628,000 from his employer’s account to his personal use. The 36-year-old suspect was arraigned on Read More …

CategoriesBanking, FIRST BANK, First bank sharp practices

BANKS LOANED 12TRILLION FROM CBN IN 6MONTHS

Posted onJune 3, 2019June 3, 2019

Central Bank of Nigeria (CBN) Liquidity problems with Nigerian banks have persisted as the last six months have not been easy. The trend of tushing to CBN for cash continues. The nation’s Deposit Money Banks have made frequent visits to the facilities’ window of the Read More …

CategoriesBank debtors, Banking, CBN

BANKS TO CREATE BLACK BOOK FOR CHRONIC DEBTORS, BLACKLIST AND SHARE THEIR NAMES AMONG FINANCIAL INSTITUTIONS

Posted onMay 30, 2019May 30, 2019

To create ‘Black Book,’ share details among financial institutions Obinna Chima Tough times await chronic bank debtors as chief executive officers of financial institutions have resolved to create and maintain what they term a ‘Black Book’ for the compilation of details of loan defaulters that Read More …

CategoriesBank debtors, Banking

STERLING BANK MAN STEALS 4.4MIL NAIRA, GETS 500,000 NAIRA BAIL

Posted onMay 16, 2019May 16, 2019

Law and Order A 34-year old banker with Sterling Bank, Emmanuel Odoemena, who is under trial for an alleged theft of N4.46 million has been granted N500, 000 bail on Wednesday by an Ogudu Magistrates’ Court. Odoemena, whose address was not given in court, is Read More …

CategoriesBanking

NDIC SETS ASIDE 258.8BIL TO REIMBURSE DEPOSITORS IN 2019

Posted onApril 12, 2019April 12, 2019

The Nigeria Deposit Insurance Corporation (NDIC) said it has set aside the sum of N258.767 billion in the 2019 fiscal year for the reimbursement of depositors in the unlikely event of closure of licensed banks. Giving a breakdown of the funds, managing director and chief Read More …

CategoriesBanking, NDIC

EX-MINISTER GOES TO COURT TO NULLIFY ACCESS BANK, DIAMOND BANK MERGER

Posted onApril 12, 2019April 12, 2019

A former Minister of Petroleum, Chief Don Etiebet, has asked Justice Mohammed Liman of a Federal High Court in Lagos to nullify the merger between Access and Diamond Banks over alleged non-disclosure of vital information. The two banks, Securities and Exchange Commission (SEC) as well Read More …

CategoriesBanking

MAGU CONTINUES ATTACK ON BANKING SECTOR, SAYS FOREIGNERS SPONSOR TERRORISM THROUGH BANKS

Posted onApril 7, 2019April 7, 2019

M Ibrahim Magu, Acting EFCC Chairman The Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has alleged that recent discovery by the Commission showed that some foreign nationals sponsor terrorism through banks in the country. Magu also lamented that banks were being turned Read More …

CategoriesBanking, Terrorism

EFCC PRESENTS FRESH EVIDENCE AGAINST FORMER INTERCONTINENTAL BANK CHAIRMAN, AKINGBOLA

Posted onApril 6, 2019April 6, 2019

EFCC Presents Fresh Evidence Against Akingbola The trial of Erastus Akingbola, a former Managing Director of the defunct Intercontinental Bank Plc, continued on April 5, 2019 with the Economic and Financial Crimes Commission, EFCC, presenting fresh evidence against him. Akingbola is standing trial on an Read More …

CategoriesBanking, Fraud

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