Tag: CEOs
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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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NHIS crisis: Governing boards have no power to suspend CEOs of parastatals – SGF
The Secretary to the Government of the Federation, Boss Mustapha, on Monday said governing boards of federal agencies or parastatals have no power to remove Chief Executive Officers appointed by the President. He said such boards may, however “articulate infractions, investigate wrongdoing and make recommendations to government through the supervisory ministry.” Mustapha made the clarification…
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Buhari meets CEOs of Dutch companies, assures on safety of investments in Nigeria
President Muhammadu Buhari on Monday met with Chief Executive Officers of Dutch companies in Hague. He assured them of a safe and secure Nigeria, where their investments would be safe and yield handsome returns. A statement issued by his Special Adviser on Media and Publicity, Femi Adesina, said the President assured the CEOs of a…
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Delayed accounts: CBN threatens to sack CEOs, chairmen of defaulting banks
The Central Bank of Nigeria (CBN) has directed that henceforth the CEOs and chairmen of any bank which fails to publish its annual account 12 months after the financial year end will be removed from office. This directive is contained in the CBN’s Monetary, Credit, Foreign Trade and Exchange Guidelines for Fiscal Years 2018/2019 released…