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Sanusi Hits Banks Again

Sanusi Hits Banks Again

Governor of the Central Bank of Nigeria, Mr. Sanusi Lamido Sanusi, on Friday, in Asaba, described most Nigerian banks as gambling centres. Sanusi also described the Nigerian stock market as a casino, where fraudulent business transactions are perpetuated...
Banks to Sack 21,000 Workers

Banks to Sack 21,000 Workers

There is a fresh tsunami sweeping through the banking industry. It is called retrenchment of workers. Already, over 20,000 jobs are being threatened with Oceanic Bank Plc sacking 1,500 workers yesterday, in an exercise the bank said was ongoing. This...
Fidelity Bank Job Vacancies: Management Trainee Jobs

Fidelity Bank Job Vacancies: Management Trainee Jobs

Fidelity Bank Plc began operations in 1988, as a merchant bank. In 1999, it converted to commercial banking and then became a universal bank in February 2001. The current enlarged Fidelity Bank is a result of the merger with the former FSB International...
EFCC Keeps 10% of Billion Recovered From Debtors

EFCC Keeps 10% of Billion Recovered From Debtors

The EFCC, which energetically jumped into the banking crisis and whose chairman moved over 100 agents to Lagos at the height of the financial sector meltdown,is collecting 10 percent of all the monies recovered from debtors on behalf of banks, according...
Banks: EFCC hires 10 forensic experts to trace N1trillion looted funds

Banks: EFCC hires 10 forensic experts to trace N1trillion looted funds

The Economic and Financial Crimes Commission, EFCC, has hired 10 forensic analysts to trace the whereabouts of about N1trillion looted by sacked Chief Executive Officers and directors of eight banks. The analysts, who are already in the country,...
Bank PHB’s ex-MD in fresh N14bn scam

Bank PHB’s ex-MD in fresh N14bn scam

THE sacked Managing Director of Bank PHB, Mr. Francis Atuche, is in for more troubles as the Economic and Financial Crimes Commission (EFCC) discovered another N14 billion fraud allegedly perpetrated by him. According to EFCC investigation, the...
CBN Moves to Return ETB to Mike Adenuga

CBN Moves to Return ETB to Mike Adenuga

The Central Bank of Nigeria (CBN) is set to return Dr. Mike Adenuga Jr. to the Board of the Equitorial Trust Bank (ETB), THISDAY has learnt.The newspaper was informed that the CBN Governor, Mallam Sanusi Lamido Sanusi, was inclined to return Adenuga...
FG seeks investors for 8 troubled banks

FG seeks investors for 8 troubled banks

THE Federal Government has started an earnest search for investors to purchase the eight troubled banks whose chief executives were sacked by the Central Bank after an audit of the banks. Meanwhile, the Central Bank, yesterday, dismissed allegation...
CBN fires Adenuga and three bank CEOs

CBN fires Adenuga and three bank CEOs

The Central Bank of Nigeria, on Friday, fired the chief executive officers of three of the 14 remaining banks at the conclusion of stress audits of their operations. Like the first five banks whose chief executives were fired in the first round...
CBN to fire Bank PHB MD, other heads set to roll

CBN to fire Bank PHB MD, other heads set to roll

The Managing Director/ Chief Executive Officer of Bank PHB, Frank Atuche, will be dismissed later today by the Central Bank of Nigeria, highly placed sources told NEXT last night. Mr. Atuche’s sacking is said to be a direct result of the failure...
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