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EFCC denies story on Ayeni, former chair of Skye Bank

The Economic and Financial Crimes Commission (EFCC), has denied reports that former Chairman of Skye Bank, Tunde Ayeni is currently undergoing treatment in an undisclosed medical facility after he was poisoned in EFCC detention. EFCC’s acting Spokesperson, Tony Orilade, in a statement yesterday, in Abuja, said: “Given that the intention of this false alarm is […]
The post EFCC denies story on Ayeni, former chair of Skye Bank appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

Bank fines, Adeosun’s scandal rocked financial sector in 2018

Bank fines, Adeosun’s scandal rocked financial sector in 2018

In 2018, double-digit inflation roiled the economy just as the foreign exchange (forex) market was under steady intervention of the Central Bank of Nigeria (CBN) in order to keep the Naira within the N360 band to the US dollar. Aside the money market, the capital market too was rocked by constant outflows as election uncertainties […]
The post Bank fines, Adeosun’s scandal rocked financial sector in 2018 appeared first on The Sun Nigeria. …

Alleged money laundering: Ex-bank chiefs docked, get N50m bail each

Alleged money laundering: Ex-bank chiefs docked, get N50m bail each

Godwin Tsa, Abuja The Federal High Court sitting, in Abuja, on Monday, admitted to bail a former Chairman of the defunct Skye Bank, now Polaris Bank, Dr. Tunde Ayeni, and a former Managing Director of the bank, Timothy Oguntayo, who were docked before the Abuja division of the Federal High Court in Abuja by the […]
The post Alleged money laundering: Ex-bank chiefs docked, get N50m bail each appeared first on The Sun Nigeria. …

NDIC saved N949b depositors’ funds Skye Bank’

NDIC saved N949b depositors’ funds Skye Bank’

The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank. Managing Director of the Corporation, Alhaji Umaru Ibrahim, disclosed this in Benin City on Tuesday at the opening of a workshop for financial journalists organised by the NDIC. He said that the saving was achieved through theRead More …

NDIC saved N949bn depositors’ funds in failed Skye Bank – MD

NDIC saved N949bn depositors’ funds in failed Skye Bank – MD

NAN The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank. Managing Director of the Corporation, Alhaji Umaru Ibrahim, disclosed this in Benin City on Tuesday at the opening of a workshop for financial journalists organised by the NDIC. He said that the saving was achieved through […]
The post NDIC saved N949bn depositors’ funds in failed Skye Bank – MD appeared first on The Sun Nigeria. …

Digital currency threat to financial stability – Ibrahim, NDIC boss

We are running a corrupt system, says Osinbajo

According to Ibrahim, the proliferation of digital currency like Bitcoin has led to the partial disintermediation of the banking system. Omodele Adigun Since the advent of digital currency, traditional banking institutions have not remained the same again. In fact, “the fabric of the global financial stability is constantly being threatened”, says Umar Ibrahim, the Managing Director/Chief […]
The post Digital currency threat to financial stability – Ibrahim, NDIC boss appeared first on The Sun Nigeria. …

FG vows to prosecute offenders in failed Sky Bank

The Minister of Finance, Hajiya Zainab Ahmed, has directed the Central Bank of Nigeria (CBN), and Nigeria Deposit Insurance Corporation (NDIC), to fully investigate and prosecute all the Directors and Executive Management who contributed to the collapse of the defunct Skye Bank Plc as well as other Deposit Money Banks (DMBs) in liquidation.
Continue reading FG vows to prosecute offenders in failed Sky Bank at Vanguard News. …

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