* Sanusi moves to check effect of clampdown * Ibru petitions EFCC over bail conditions By our reporter SIXTEEN of the over 60  bank executives being detained by the Economic and Financial Crimes Commission, EFCC, are to be arraigned in Lagos tomorrow on sundry charges of lending money to customers without collateral. And as the […]

Sanusi who was quoted by Reuters while speaking in London at the conference the CBN governor called to reassure counter-party banks and foreign investors about the bailout said that he would not “stand in the way of any foreign banks taking a 100 per cent stake in the five Nigerian institutions”. The CBN also said that the five banks will be run as going concerns until new investors can be found to recapitalise them.

BAYELSA State- born militant singer, Timaya, had a rough taste of love turned sour portion when he was manhandled, handcuffed and subsequently detained by the Festac police for conducting himself in a manner likely to breach public peace.

The Lagos office of the Economic and Financial Crimes Commission, EFCC, was a beehive, yesterday, with the operatives fixing the jigsaw created by the action of the Central Bank of Nigeria, CBN, that removed the boards and Managing Director of five banks, three weeks ago.

The Central Bank of Nigeria, CBN, has denounced attempts by a certain unnamed group to discredit recent measures taken by the apex bank that led to the sacking of the Managing Directors and Executive Directors of five banks.