Tag: bank
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Man jumps to death from bank’s mast in Ibadan
A man suspected to be mentally unstable on Saturday jumped to his death from a bank’s network mast in Sango area of Ibadan. Confirming the incident to the News Agency of Nigeria (NAN), the Oyo State Police Public Relation officer, Olugbenga Fadeyi, said the naked victim came to the Wema Bank branch in Sango and…
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Reps petitions committee shelve sitting over bank infractions
The House of Representatives Committee on Public Petitions on Tuesday shelved its planned sitting on the alleged document falsification by First Bank Nigeria Plc due to an adjournment necessitated by the death of Hon Temitope Olatoye who died last Saturday during the gubernatorial and state Houses of Assembly elections. The House adjourned as a mark…
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CBN warns bank CEOs against breaching e-payment rules, submitting false reports
The Central Bank of Nigeria (CBN) on Tuesday warned Chief Executive Officers of commercial banks in the country against breaching its e-payment reporting rules, including submitting/reporting false or inaccurate reports. Besides, the erring banks will get a penalty of N250, 000. Lenders that fail to ensure that third party end-to-end e-payment solution used by the…
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CBN imposes N1m fine each on bank branches for paying counterfeit monies
The Central Bank of Nigeria (CBN) has imposed a penal fee of N1m on each branch of Deposit Money Banks for non-compliance with its ‘Banknote fitness guidelines and clean note policy documents for the industry.’ The regulator disclosed this in a circular to all DMBs on ‘Penalty for payment of counterfeit monies from ATMs, Teller…
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CBN unveils new policy to capture more Nigerians on banking system
The Central Bank of Nigeria (CBN) on Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians have access to banking and other financial services. The CBN Deputy Governor on Financial System Stability, Mrs. Aisha Ahmad, made the presentation at the National Financial Literacy Stakeholders’ Conference in…
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Bank challenges N29. 2m VAT imposed by FIRS
An Abuja-based Mortgage Bank, Infinity Trust Mortgages Bank PLC, on Wednesday sued the Federal Inland Revenue Service (FIRS) in a Tax Appeal Tribunal sitting in Abuja, for imposing N29. 2 million remittance on Value Added Tax (VAT) with penalty and interest on it. The appellant sought the order of the tribunal for the annulment of…
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Dismissed banker raids ATM gallery, steals N14m
A dismissed banker, Emmanuel Onuma, has been arrested by the police for breaking into the Automated Teller Machine gallery of his erstwhile employer and stealing N14m. The 34-year-old was said to have carried out the heist at the Garki, Abuja branch of the new generation bank on October 19, 2018. Parading Onuma alongside other suspects…
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Hackers steal personal details of 120,000 customers, Bank of Thailand says
The Bank of Thailand (BOT) has confirmed that hackers have stolen information of more than 120,000 customers in a massive data breach into two major commercial banks. Cybersecurity operators at BOT has vowed to step up security measures and oversight after Kasikornbank and Krung Thai Bank reported cyber attacks during the Buddhist Lent holiday. However,…
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JUST IN: Amid raging certificate forgery scandal, Adeosun wins bank board chair election
The Embattled Minister of Finance, Mrs. Kemi Adeosun has been elected chairperson of the board of the African Export-Import Bank (AFREXIMBANK) amid a raging certificate scandal. The bank, which is celebrating its 25th anniversary, has been meeting in Abuja . Recall that an online news portal, Premium Times had last week reported that the minister…
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Offa robbery: Police officers allegedly collected N400k from armed robbers before operation
There are strong indications that police officers might have been informed about the presence of armed robbers in Offa, Kwara state, before the recent robbery attack that led to the death of dozens of people. Recall that the group of at least 30 armed robbers had attacked Union Bank, Eco Bank, Guarantee Trust Bank, First…