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The Ibru, Akingbola Legal Challenge

The case between Dr. Erastus Akingbola, the embattled former chief executive officer of Intercontinental Bank and the Central Bank of Nigeria, CBN, came up for hearing Thursday but the presiding judge, Justice Abdullahi Mustapha, of the Federal High Court would not entertain it as a result of his impending retirement.

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Arunma Oteh and the challenge of SEC

At the burial in 2000 of Dr Pius Okigbo, Africa’s most respected economist, Chief Kalu U. Kalu, then chairman of Union Bank Plc, made an interesting revelation. Dr Okigbo had applied for a teaching position in the Economics Department of the University of Nigeria at Nsukka shortly after his release from detention for his pro-Biafran role during the Nigerian Civil war of 1967 to 1970, but the people who were to evaluate his credentials were not enthusiastic. Okigbo, who received prestigious degrees in Economics, Law and History from the University of London, had done post graduate studies at Northwestern University at Evanston, one of the world’s most respected institutions, and a post doctoral fellowship at Oxford University.

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Equally as Guilty

While announcing the sack of the five banks’ chief executives officers, the Central bank of Nigeria (CBN) accused them of a plethora of unethical and unprofessional practices. Babajide Komolafe writes that this also implies regulatory failure on the part of the apex bank and puts a question mark on the integrity and effectiveness of its banking supervision department.

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Baeten for the Game

The more efforts put in by the government officials to stamp out importation of fake and sub-standard products into the country may have been well checkmated given the rising incidence of fake and substandard products all around the country, Franklin Alli reports

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A Fall Back to the Old Order

Lucky Fiakpa writes that with barely two months in office of the new Central Bank of Nigeria governor, the apex bank is reversing most of its policies and this could engender loss of confidence in the market if this is done frequently and within short intervals as has been the case

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