LBW

Wednesday, 24 August 2016

CBN SUSPENDS SIX BANKS OVER OVER DODGY FX REMITTANCE!

The CBN had earlier on Tuesday announced the suspension of 9 banks (list below) from all foreign exchange transactions until they remitted into the TSA over $2 billion in various NNPC/NLNG accounts in the banks as ordered by President Muhammadu Buhari last year.

CBN sources listed the banks as United Bank for Africa (UBA) $530m; First Bank of Nigeria (FBN) $469m; Diamond Bank Plc. ($287m); Sterling Bank Plc. ($269m); Sky Bank Plc. ($221m); Fidelity Bank ($209m); Keystone Bank ($139); First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).


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