LAGOS JANUARY 10TH (NEWSRANGERS)-The Central Bank of Nigeria has sacked the entire board of Polaris bank, Titan bank, and Keystone Bank. CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso. The action follows the recommendation of the Special Investigator, Jim Obazee, appointed by President Bola Tinubu in…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-For the first time in 2022, the Central Bank of Nigeria (CBN) has wielded the big stick and debited Zenith Bank Plc, Providus Bank, First City Monument Bank (FCMB) Limited and 11 other banks N356.1billion for failing to meet its 27.5 per cent Cash Reserve Requirement (CRR) obligation. The fresh debit, which…
LAGOS JUNE 17TH (NEWSRANGERS)-The former Managing Director of Bank PHB (now Keystone Bank), Mr. Francis Atuche standing trial for stealing the sum of N25.7 billion belonging to the bank have been found guilty of theft and sentenced to six years imprisonment. His former Chief Financial Officer, Mr. Ugo Anyanwu standing trial alongside him was also…
LAGOS AUGUST 11TH (NEWSRANGERS)-Edo State Commissioner of Police, Mr. Johnson Kokumo how combined force of Policemen, who were on guard duty foiled armed robbery bank attack on a bank in Igarra, in Akoko Edo Local Government Area of Edo State. He disclosed that three of the armed robbers were killed during a gun duel. While…