Tag: Deductions
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$418m: No arbitrary deduction from states, LGs – Malami
The Federal Government has denied engaging in arbitrary deductions from FAAC allocations to States and Local Governments
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Paris Club Refund: Governors reject FG’s decision to commence deductions from federation account
Chairman of the Nigerian Governors Forum and Governor of Ekiti State, Kayode Fayemi, says the Federal Government cannot commence its plans to make deductions from the federation account
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Loan Policy Violation: CBN clears air on deductions, states when affected banks will get refund
The Central Bank of Nigeria (CBN) on Thursday clarified that the deductions on some banks’ Cash Reserve Ratio (CRR) were not a fine but a punitive measure for their failure to abide by the regulator’s directive on the new lending regime of 60 per cent deposits to them. The clarification was given at the end…