Four Banks

A High Court of the Federal Capital Territory (FCT), Abuja, has issued an order attaching funds standing to the credit of the Oyo State Government and its agencies in four banks. Justice A. O. Ebong issued the order while ruling on a…
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The Central Bank of Nigeria has deducted over N5.60 billion from the accounts of three banks as fines it imposed on them last week for alleged illegal repatriation of funds for telecoms giant, MTN. According to a report by Reuters, the…
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The Central Bank of Nigeria (CBN) on Monday gave details of how MTN Nigeria Limited and four banks perpetrated the $8.13 billion illegal transactions, using false information and deliberate disregard for the rules. The details was…
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