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CBN wants electronic evidence admissible in court

By Ifeanyi Onuba, Abuja Friday, 10 Dec 2010 The Central Bank of Nigeria has urged the Judiciary to, as a matter of urgency, allow the courts to admit electronic evidence in all cases involving electronic banking crimes in the country. The Deputy Governor, Financial System Stability, Dr. Kingsley Moghalu, gave the […]

Recapitalisation: Afribank in talks with core investors

By Gbenga Agbana with agency reports Friday, 10 Dec 2010 Afribank Nigeria Plc, one of nine lenders rescued in a $4bn bail-out last year, said on Thursday that it was in talks with potential investors about recapitalisation, but gave no further details. Reuters quoted the bank as saying, ”The bank has […]

NSE declares zero tolerance for non-compliance

By Gbenga Agbana and Ademola Alawiye Friday, 10 Dec 2010 The Interim Administrator of the Nigerian Stock Exchange, Mr. Emmanuel Ikazoboh, has reiterated the commitment of the current management of the Exchange to ensuring compliance with the NSE’s post-listing requirements. Speaking at the triennial conference of the Independent Shareholders Association of […]