In an unprecedented, but calculated move, the Securities and Exchange Commission (SEC) recently commenced a clampdown on the activities of a wonder bank, New Nation, with branch network spread across 32 states of the Federation including the Federal Capital Territory, (FCT). The commission’s Acting Director, Enforcement, Eric Elujekor, described the […]
Tag: Wonder Banks
CBN, SEC, Others, Lament Resurgence of “Wonder Banks”
The Central Bank of Nigeria (CBN), the Securities & Exchange Commission (SEC), the Economic & Financial Crimes Commission (EFCC), under the Inter-Agency Committee on Illegal Fund Managers/’Wonder Banks’ have once more alerted the public on the resurgence of the operators. According to a statement, the committee, whose members also include […]
