The Central Bank of Nigeria (CBN) has set up a tripartite committee to harmonise the records of Savannah Bank in preparation for the re-entry of the bank into the banking industry.

To prevent another round of crisis in the Nigerian financial sector, there must be a clear separation of the internal audit functions in banks, says Mr. Kehinde Durosinmi-Etti, Group Managing Director/Chief Executive Officer, Skye Bank Plc.

In its efforts to ensure that more Nigerians have easy and reliable access to finance and foster financial inclusion, the National Association of Microfinance Banks, Lagos State chapter (NAMBLAG) has signed a Memorandum of Understanding (MoU) with Fortis Mobile Money, a mobile money operator licenced by the Central Bank of Nigeria (CBN) to reduce the number of people without access to finance.

The Managing Director/Chief Executive Officer of Bolyn Constructions Company Limited, makers of low-cost housing equipment based in Lagos with offices in Kaduna and Abuja, Elder Rufus Bamgbola Akinrolabu, in a recent chat with Vanguard, said Nigeria’s housing problem can become a thing of the past if only the government and people will look inwards and use the local materials that God has blessed them with. Excerpts:

The Federal Government of Nigeria would have only expended N500 billion to resolve the crisis in the banking sector if the central bank, CBN, had handled the issues in the banks and the financial sector properly, says Mr. Tunde Adeyemi, Managing Director, DHTL Capital Management Limited.