The Central Bank of Nigeria on Thursday expressed deep concerns about the growing amount of Non-Performing Loans in the books of Deposit Money Banks and said it would publish the names of chronic debtors. The Director, Banking Supervision, CBN, Mrs. Tokunbo Martins, who stated this at a press briefing after […]
Frauds & Scandals
CBN moves to sanction its employees defrauding banks
The Central Bank of Nigeria (CBN) has enjoined banks to report any unethical practices that borders on dishonesty and lack of integrity among others, in the action/behaviour of CBN staff that visit their organisation in the course of performing their duty. This directive is contained in a circular to all […]
Hackers hit bank ATMs in Lagos
A large number of Automated Teller Machines located in some posh areas of Lagos like Victoria Island, Lekki Peninsula Phase I and II, and Ikoyi have been attacked by hackers and electronic fraudsters, it has been learnt. The hackers are said to be fixing small fraud tools on the ATMs […]

