Jun 30, 2014 4:27 BNP Paribas SA (BNP) pleaded guilty to U.S. sanctions violations and agreed to pay a record $8.97 billion in a case that reached the highest echelons of French and American diplomacy. BNP, France’s largest bank, admitted that it processed almost $9 billion in banned transactions from […]

The Central Bank of Nigeria said excess charges constituted 50 per cent of customers’ complaints treated by the bank as of May 2014. The CBN also said it had treated 4,142 fraud-related petitions against banks in the country. This, it said, resulted in the refund of N14.69bn ($1.1m) to aggrieved […]

Justice Ahmed Mohammed of a Federal High Court in Abuja has fixed July 10 to hear the suit filed by the former Managing Director of the defunct Oceanic Bank International Plc. Mrs. Cecilia Ibru, seeking to compel the federal government to implement her plea bargain as specified in the agreement […]