See List Of 9 Commercial Banks CBN Bars From All Foreign Exchange Transactions And Operations


Determined not to tolerate any further breach of extant financial regulations, the Central Bank of Nigeria (CBN) has barred nine banks from all foreign exchange transactions.
The banks, THISDAY exclusively gathered this afternoon, were barred for failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the presidency last year.
The banks, whose suspension would remain in force until they remit all the funds to the TSA are:

  1. United Bank for Africa (UBA) $530m; 
  2. First Bank of Nigeria (FBN) $469m;
  3. Diamond Bank Plc ($287m);
  4. Sterling Bank Plc ($269m); 
  5. Sky Bank Plc ($221m); 
  6. Fidelity Bank ($209m); 
  7. Keystone Bank ($139); 
  8. First City Monument Bank (FCMB) $125m; and
  9.  Heritage Bank ($85m).

The CBN sources told THISDAY that further disciplinary actions awaited the erring banks after remitting the funds in full to the government’s coffers.

COMMENTS

Name

Benue News,376,Biafra,5,Business News,72,Celebrities,92,Crime And Offence,45,Culture,25,Download,5,Education,57,Entertainment,152,Fashion,4,Foreign News,44,Ghana News,5,Health,36,Jobs/Recruitements,20,Nigerian News,823,Politics,305,Relationship,78,Slider,5,Sports,34,Taraba News,12,Technology,15,
ltr
item
Benue Blog Portal: See List Of 9 Commercial Banks CBN Bars From All Foreign Exchange Transactions And Operations
See List Of 9 Commercial Banks CBN Bars From All Foreign Exchange Transactions And Operations
https://4.bp.blogspot.com/-SLMdkPs7UoM/V7zCo6CgnGI/AAAAAAAASGI/DpFoZHQjFtE77lGFDZSnug7gfzSZtU0rgCLcB/s1600/cbn.jpg
https://4.bp.blogspot.com/-SLMdkPs7UoM/V7zCo6CgnGI/AAAAAAAASGI/DpFoZHQjFtE77lGFDZSnug7gfzSZtU0rgCLcB/s72-c/cbn.jpg
Benue Blog Portal
http://www.benueblog.com/2016/08/see-list-of-9-commercial-banks-cbn-bars.html
http://www.benueblog.com/
http://www.benueblog.com/
http://www.benueblog.com/2016/08/see-list-of-9-commercial-banks-cbn-bars.html
true
8328915417938209519
UTF-8
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete Posted By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy