June 22, 2015/Leadership/ Bukola Idowu our deposit money banks have been fined N576 million by the Central Bank of Nigeria (CBN) for misclassifying some public sector deposits and not remitting what they should as cash reserve requirement in 2014. The CBN had in the first quarter of 2014 increased cash […]
Frauds & Scandals
Opinion: Why President Muhammadu Buhari Must Investigate Stock Manipulation in the Capital Market-Forte Oil in Perspective
June 20, 2015/The Will Mr President, permit me to seize this opportunity to congratulate you as you begin your journey as the captain of this ship called the Nigerian State. Indeed, your leadership qualities and capabilities become clearer with each passing day for all to see. Notwithstanding the sorry state […]
Banks record N23.3bn fraud in nine months
Deposit Money Banks recorded a total of 8,502 fraud cases between January and September 2014, amounting to N23.34bn, the Managing Director/ Chief Executive Officer, Mr. Henry Semenitari, said on Thursday, quoting the latest FITC Report on Frauds and Forgeries in Banks. According to him, the report is based on 66 […]
