Tag: Banks
-
![[Just In] Scarcity of naira: Benin City boils as angry customers set 2 banks on fire](https://thenewsguru.ng/wp-content/uploads/2023/01/Reps-v-CBN.jpeg)
[Just In] Scarcity of naira: Benin City boils as angry customers set 2 banks on fire
Protesters in Benin City the capital of Edo State have set two commercial banks on fire to register their anger of scarcity of naira. TheNewsGuru.com, (TNG) reports the protesters hinged their actions on hardship caused by none availability of new notes in the state. The angry customers who pleaded with the Central Bank and the…
-
Police uncover plans by hoodlums to attack banks, others in Oyo
The Police Command in Oyo State, says it has uncovered plans by hoodlums to attack and loot banks, shopping mails, INEC offices, and other facilities in the state. This is contained in a statement by the Command’s spokesman,
-
CBN to clamp down on banks filling their ATMs with old notes
The Central Bank of Nigeria, Director of the Legal Services Department, Mr. Kofo Salam-Alada, has said the agency will start clamping down on banks that still continue to fill their Automated Teller Machine (ATM) with old naira notes very soon.
-
Currency redesign: Banks push new notes into circulation
Thursday, December 15th, 2022 has been earmarked as the day the new redesigned naira notes will become a legal tender in the country. Expectedly, banks across the country will be releasing the bills to their customers via over-the-counter payments as of today. TheNewsGuru.com reported that President Buhari unveiled the new bills at a weekly Federal…
-
NDIC, CBN to conduct Risk Based Supervision in banks
The Nigeria Deposit Insurance Corporation (NDIC), says it will continue to work with the Central Bank of Nigeria (CBN) to conduct Risk Based Supervision (RBS) in its insured financial institutions. RBS is a comprehensive, formally structured system that assesses risks within the financial system, giving priority to the resolution of those risks.NDIC
-
Court awards N540m damages to Prophet Omale against FCMB
A High Court of the Federal Capital Territory in Abuja has awarded the sum of N540 million in damages to Prophet Emmanuel Omale against a commercial bank over alleged negligence and defamation. Justice Yusuf Halilu on Tuesday held that the First City Monument Bank (FCMB) breached its fiduciary duty of care to Prophet Omale,…
-
Police confirm robbery of 3 banks in Kogi
The Kogi Police Command on Wednesday confirmed that dare-devil armed robbers attacked three different banks in the state on Tuesday. Mr. Edward Egbuka, the State Commissioner of Police, made the confirmation in a statement in Lokoja by the Command’s image maker SP William Ovye-Aya.
-
NDIC gives update on sale of Polaris Bank, other banks
Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC) has said that all Deposit Money Banks (DMBs) in Nigeria, including Polaris Bank are safe and sound. Hassan made the clarification on the sideline of a three-day Capacity Building Workshop organised by the Legal Department of NDIC, for law enforcement agencies at BWC Hotel, Victoria…
-
Reps unearth N300bn unclaimed funds in banks
The House of Representatives ad hoc committee on unclaimed funds on commercial banks in Nigeria has unearthed over N300 billion unclaimed funds in the banks. Chairman of the Committee,Rep. Uyme Idem, said this on Wednesday in Abuja, adding that the amount represented a fraction of unclaimed funds in the commercial banks.
-
EDO: Armed robbers attack 4 banks in Uromi
Armed robbers on Thursday attacked banks in Uromi area of Edo State