ANAN condemns sack of management of five banks
The National President of the Association of National Accountants of Nigeria ANAN, Mrs. Iyamida Gafa has criticized the recent sacking of the management of five banks in the country by the Governor of the Central Bank of Nigeria CBN, describing the action as selective.
11 passengers die in Lokoja accident
ELEVEN persons were burnt beyond recognition at the Muritala Mohammed Bridge in ghastly auto accidents involving a Toyota Hiace bus in Banda, Kotonkare LGA of Kogi State yesterday.
Bank Debts: Our inclusion is an error, Obat Oil tells CBN
He said it was a serious mistake on the part of the bank to have included its name among the debtors.
The apex bank had stated in an advertorial that the company was owing over N5 billion in Oceanic Bank PLC and Intercontinental Bank PLC.
Uduaghan’s security aide kidnapped
SUPECTED kidnappers have seized the wife of the Senior Special Assistant to the Delta State governor on Security Matters, Mrs. Mary Diden.
Number game, how deep is the hole in the banks
As the controversy over the injection of funds into the five banks in the country continues to rage more facts are beginning to emerge. Available data from industry study as at March 2009 provide an insight into developments in the industry. The data indicate that as at March 2009, 18 out of the 24 banks operating in the country total loan portfolio stood at N 4.4595 trillion.
How bad loans can be recovered — Jimoh Ibrahim
It was an unprecedented action in the recent history of the Nigerian banking industry, when the new Governor of the Central Bank of
Nigeria (CBN), Mr. Sanusi Lamido Sanusi, last Friday sacked five bank Managing Directors in one fell swoop. As rightly described by some commentators, it was a “sunamiâ€.
