CBN and corporate malpractice cover-up | The Guardian Nigeria News - Nigeria and World News - News Summed Up

CBN and corporate malpractice cover-up | The Guardian Nigeria News - Nigeria and World News


Sadly, on Thursday, the Central Bank of Nigeria (CBN) exposed what had become ‘clandestine affairs between it and the country’s topmost old generation financial institution, First Bank of Nigeria Limited. It was not surprising the CBN responded with a query, which came after the effort to have the board shift ground failed. “Furthermore, the Bank notes the untenable delay in resolving the long outstanding divestment from Bharti Airtel Nigeria Ltd in line with extant regulations of the CBN. Please you are to forward evidence of compliance in accordance with the timelines above to the Director of Banking Supervision,” CBN added. Indeed, while the CBN dilly-dallied on how to deal with unyielding boards of both the financial institution and its holding company, the bank slipped in the key asset management quality index.


Source: The Guardian May 03, 2021 04:30 UTC



Loading...
Loading...
  

Loading...