NIPOST revenue loss: Reps express concern, summon CBN, commercial banks
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Commercial banks
FG panel to recover $7bn bailout funds from commercial banks
THE Special Presidential Panel for the Recovery of Public Property is to recover the seven billion dollars bailout fund granted commercial banks between 2006 and 2008.The panel Chairman, Mr Okoi Obono-Obla, said in Abuja on Friday…
Mutilated naira note: Reps ask CBN not to surcharge commercial banks
THE House of Representatives on Thursday urged the Central Bank of Nigeria (CBN) to immediately remove surcharge levied on commercial banks for the destruction of old mutilated naira notes in the country.The House also directed that…
NDIC warns against keeping money at homes, shops
THE Nigerian Deposit Insurance Corporation (NDIC) has warned Nigerians not to keep money at homes and shops because of the dangers in losing such money to thieves/armed robbers.Managing Director/CEO of the NDIC, Umar Ibrahim, who gave…
Reps investigate CBN, Commercial Banks over circulation of mutilated naira notes
THE House of Representatives on Thursday urged the Central Bank of Nigeria, CBN, to as a matter of urgency, withdraw and arrange for the destruction of mutilated currency notes in circulation and replace same with new ones.The House…