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 NOVEMBER 16TH (NEWSRANGERS)-The Economic and Financial Crimes Commission has reportedly grilled the newly-appointed Managing Director of First Bank of Nigeria Holdings Plc, Nnamdi Okonkwo. It was learnt that Okonkwo’s questioning is not unconnected with his alleged role in the transfer of $153m linked with Nigeria’s former petroleum minister, Diezani Alison-Madueke from the Nigerian National…
LAGOS NOVEMBER 10TH (NEWSRANGERS)-Judge Rebukes Two Nigerians Abdulrasheed Maina, a former Nigerian government official who ran a defunct pension reform department, has been convicted of stealing 2 billion naira ($4.8 million) belonging to pensioners after a two-year trial. Okon Abang, a judge at a federal high court in Abuja, sentenced Maina to eight years in…
LAGOS SEPTEMBER 7TH (NEWSRANGERS)-The Niger State Internal Revenue Service (NGSIRS) on Monday shut down eight commercial banks and the state head office of the Abuja Electricity Distribution Company (AEDC) over alleged N456 million tax debts. Mr Mohammed Etsu, the Executive Chairman of the internal revenue Service, told journalists following the exercise that it was carried…