[News Update] CBN Sacks 5 CEOs, Injects N400bn and Refunds $90mn to FAAC

 

Latest from the Economic Confidential (www.economicconfidential.com)     CBN Sacks 5 Bank CEOs, Injects N400bn and Refunds $90mn to FAAC In his first major action against unethical practices in the banking sector as well as compliance to due process, the Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has sacked Chief Executive Officers of five banks in Nigeria over a debt crisis just as he refunds $90.64mn to the Federation Account which was wrongly charged as commission over Paris Club Debt Exit… Read Economic Confidential Factual, Authoritative and Accesible Nigeria's Economic Magazine www.economicconfidential.com

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