THE Central Bank of Nigeria appears to be developing cold feet over the war it declared on bank debtors.

All I have, was acquired personally. Even before he was arrested, he was indebted to me to the tune of One hundred and seventy million naira (N170 million).

It was always another problem whenever I entered a bus. Passengers would vacate the bus just because of my presence. I was always fighting with conductors everyday.

The drama and war of words over the sack of five banks’ boards and managing directors; and the subsequent publication of a list of debtors by the Central Bank of Nigeria, CBN, continued yesterday, with the Chairman of the Economic and Financial Crimes Commission, EFCC, Mrs Farida Waziri, vowing that the arrested executives would not be released until all the debts have been recovered, even as the apex bank said it would soon release list of more debtors.

The Econom ic and Financial Crimes Commission, EFCC, yesterday issued a seven-day ultimatum to all those who borrowed from the five banks whose executive officers were sacked by the Central Bank of Nigeria, CBN, last week to pay up or face prosecution even as foreign bankers have stopped honouring letters of credits from their Nigerian counterparts following the action of the Nigerian apex bank.

The Economic and Financial Crimes Commission, EFCC, said yesterday that it had arrested three of the five former Managing Directors of banks sacked last week by the Central Bank of Nigeria for questioning, just as the apex bank also had guaranteed all foreign loans and correspondent banks lines of the affected banks.

Residents of Owerri were Wednesday morning treated to a morbid spectacle as the police command paraded four suspects and the decomposing head of an 18-year old Chinwe Doris Perpetua Obieri, who was murdered for ritual purposes.

The Economic and Financial Crimes Commission ( EFCC) has said today that it has arrested three of the five former MD/ CEOs of banks sacked last week by the Central Bank of Nigeria, CBN .

By Emma Ovuakporie Abuja – The Economic and Financial Crimes Commission (EFCC) has declared the 19 bank Chief Executives axed by the Central Bank of Nigeria (CBN) wanted as security reports indicate that they had all gone into hiding. It was reliably gathered today at the headquarters of the anti-graft agency that all the operatives […]

The five Managing Directors of banks sacked by the Central Bank of Nigeria (CBN) on Friday may be in for more trouble as the Federal Government has launched an investigation into their personal financial involvements with a possibility of putting anyone found wanting on trial.