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Shareholders differ on imposition of fine by regulators

I think regulators are too harsh on companies with the numerous and high amount of fines they impose on companies. The money that companies pay as fine is shareholders own. So I feel regulators should be soft pedal on the fines they impose on companies. It is the employees that somehow flout some of these rules. Why should shareholders bear the brunt? Also, the amount of fine they charge these companies need to be reviewed. For instance, the Central Bank of Nigeria, CBN, for a single offence, charges not less than N50 million. This is really too much and is affecting the amount that would have been given us as dividend.

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Prince Saviour Iche

Govt should monitor intervention funds, activities of devt banks — AMEN President

The Lagos State Government, in collaboration with the office of the Vice Presidency, organised SMEs Clinic for micro, small and medium enterprises, MSMEs, in the Lagos region previous week. At this backdrop, the President of the Association of Micro Entrepreneurs of Nigeria, AMEN, Prince Saviour Iche, in a chat with  Financial Vanguard, said the federal government must ensure proper monitoring of intervention funds made available to development banks for on-lending to the MSMEs in order to ease access to credit, among other issues. Excerpt:

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