FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, on Thursday confirmed to the Securities and Exchange Commission that it had paid the sum of N1.877bn as fine to the Central Bank of Nigeria for violating the Federal Government’s Treasury Single Account policy. FBN Holdings, in a […]

Wed Oct 28, 2015/Reuters Fraudulent withdrawals and other illegal transactions at Imperial Bank amounted to more than 34 billion shillings ($335 million) over a period of 13 years, the bank’s receiver said in a lawsuit filed at court. Kenya’s central bank ordered privately-owned Imperial Bank to be put under management […]

The Financial Reporting Council of Nigeria has asked the management of Stanbic IBTC Holdings Plc to tender a written apology to it for publishing an advertorial against its recent regulatory decision on the institution. The regulatory agency also denied knowledge of any court process on the outcome of its investigation […]