Alex Enumah in Abuja A Federal High Court in Asaba on Wednesday declared as unlawful, illegal, null and void the…
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Emefiele: Banks Disbursed N2.32tn Loans with Moveable Collaterals
Godwin Emefiele •CJN seeks speedy dispensation of justice in commercial transactions By Alex Enumah, James Emejo and Folalumi Alaran in…
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End SARS: Banks, business outlets, Courts, Police stations others shut down in Bayelsa over fear of hoodlums
The threats of resumption of the End SARS protest by youths and activists in Bayelsa State in response to the…
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Nigeria: #EndSARS Protest – 2 Policemen Killed, 10 Stations, 3 Banks, Malls Looted in Lagos
Lagos — The Lagos State Police Command says about 10 police stations were burnt and two of its officers killed…
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FRC Warns Banks against Giving Unapproved Loans to States
By Ernest Chinwo The Fiscal Responsibility Commission (FRC) has warned that it would invoke drastic measures against commercial banks that…
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Banks can’t freeze without a court order, Lagos judge rules
A Lagos state high court has ruled that Access Bank Plc’s decision to place a post-no-debit (PND) alert on the…
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Weighing Nigeria’s decision to let banks debit BVN-linked accounts of loan defaulters
A few weeks ago, the Central Bank of Nigeria (CBN) activated the Global Standing Instruction (GSI) policy. With this in…
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Senate passes bill to reenact laws governing banks – Punch Newspapers
Nike Popoola The Senate has passed the bill to repeal the Banks and Other Financial Institutions Act CAP B3 Laws…
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Nigeria: Bofia – CBN, NDIC Seek to Limit Litigation Over Failed Banks’ Resolution
The Central Bank of Nigeria (CBN) is proposing the amendment of Sub-section 12 of the Banks and Other Financial Institutions…
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Licensing, supervision of banks divide CBN, NDIC
The Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) presented opposing recommendations to the Senate on the…
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BOFIA: CBN, NDIC Seek to Limit Litigation over Failed Banks’ Resolution
By James Emejo The Central Bank of Nigeria (CBN) is proposing the amendment of Sub-section 12 of the Banks and…
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BOFIA Amendment:NDIC, CBN clash over authority to manage distressed banks
CBN …Corporation seeks prohibition of insider loans By Babajide Komolafe The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank…
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NDIC proposes stiff penalties for Directors of failed banks
The Nigeria Deposit Insurance Corporation (NDIC) is proposing that directors of banks cannot take insider loans from their banks as…
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A New Standard of Care for Banks in Cases of Corporate Fraud?
The Singularis v Daiwa litigation By Christian Tuddenham, Partner, Jenner & Block In the summer of 2009, the London brokerage…
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Nigeria: House Investigates 24 Banks, 14 Oil Companies Over U.S.$30 Billion Revenue Leakages
The House of Representatives will today commence investigative hearing on 24 commercial and non-commercial banks as well as 14 international…
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