Analysts are casting doubts on the sincerity of the Central Bank of NiÂgeria (CBN) in the dissolution of the board and management of Union Bank, Keystone Bank, and Polaris Bank. Those who spoke to our correspondents at the weekend queried how the CBN could replace the board and management of these affected banks with just […]
•CBN Governor, Yemi Cardoso A few hours after dissolving the board of directors governing Polaris, Union, and Keystone banks, the Central Bank of Nigeria has appointed new executive directors to oversee the affairs of the deposit money banks. The apex bank, in a statement signed by the acting Director of Corporate Communications, Sidi Hakama, ...
•CBN Governor Olayemi Cardoso The Central Bank of Nigeria (CBN) has dissolved the boards and managements of Titan Trust Bank, Union Bank, Keystone Bank and Polaris Bank. The decision to dissolve the boards was taken after a meeting between Yemi Cardoso, Jim Obazee, the special investigator on the activities of former CBN Governor, Godwin Emefi...
•CBN Governor Yemi Cardoso Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions, the Central of Nigeria has disclosed. Withdrawals from these accounts will only be possible by transfer or through a manager’s cheque, the apex bank explained. It revealed this in a new ‘Guidelines on Operations of...
•Tinubu The Concerned Northern Forum has cautioned President Bola Tinubu over the use of the report before him submitted by Jim Obazee, the special investigator hired to check the activities of the country’s apex bank under its suspended governor, Mr Godwin Emefiele. The group disclosed this today in statement signed by the Chairman, Aliyu Muh...
•CBN Governor Yemi Cardoso Financial experts and seasoned economists have sued for caution in the way and manner the Special investigation report on the Central Bank of Nigeria (CBN) is being handled to forestall the possibility of eroding public confidence in the institution. The leaked report raises serious allegations against various offici...
The chairman of Titan Trust Bank (TTB), Babatunde Lemo, has been summoned by the Special CBN Investigator, Jim Obazee in connection with the acquisition of Union Bank of Nigeria Plc by TTB. Lemo, a former deputy governor of the Central Bank of Nigeria, was directed to appear at the Department of Force Intelligence in Abuja […]
•TGI Group Tropical General Investment Group, the majority owner of Titan Trust and Union Banks has denied any wrongdoing in the acquisition of the latter by the former. This was as it stated that the purported investigative report recommending the takeover of the banks by the federal government portrayed Nigeria negatively, reports The PUNCH....
The Central Bank of Nigeria has reviewed its position on the ban on cryptocurrency transactions in Nigeria. The apex bank said yesterday that it had changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions, reports Daily Trust. This is contained in a circular dated […]
•CBN Governor Yemi Cardoso The Trade Union Congress of Nigeria, TUC, today, told President Bola Tinubu to call the Central Bank of Nigeria, CBN, to order over the scarcity of Nigeria in the country. The TUC said that the unfortunate development has continued to subject Nigerians to needless excruciating hardship by insensitive and heartless ag...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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