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BUSINESS

CBN plans tough sanctions for banks

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on Tuesday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 2023. He also stated that an in-depth investigation was underway to determine the necessary actions against banks involved in […]

todayFebruary 28, 2024 23

NEWS

Betta Edu: Tinubu vows sanctions as anger grows over N585m scandal

President Bola Tinubu on Sunday directed a comprehensive inquiry into the alleged N585m scandal in the Federal Ministry of Humanitarian Affairs and Poverty Alleviation. He vowed to “decisively punish” those involved in any breaches and infractions unravelled during the investigations. The President gave the directive in a statement issued by the Minister of Information and National Orientation, Mohammed Idris, as anger grew over the alleged breach of the Federal Government’s financial regulations. […]

todayJanuary 8, 2024 30

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