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The Independent Shareholders Association of Nigeria has kicked against the Central Bank of Nigeria’s imposition of 0.5 per cent levy on commercial banks to fund the Asset Management Corporation of Nigeria.

todayNovember 21, 2022 5

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The Independent Shareholders Association of Nigeria has kicked against the Central Bank of Nigeria’s imposition of 0.5 per cent levy on commercial banks to fund the Asset Management Corporation of Nigeria.
According to the shareholders, AMCON had now received N453.47 billion as levies from commercial banks between 2020 and the first quarter of 2022.
The shareholders said the corporation received N146.9 billion in 2020, N180.67 billion in 2021, and N125.9 billion in the first quarter of 2022 as levies from commercial banks, noting that these were deductions from the imposition of 0.5 per cent charges on banks’ total assets on and off-balance sheet imposed on banks.

Written by: EaglesFM

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