[News Update] Ex-Banks' CEOs to Remain in Custody Till September

 

Latest from the Economic Confidential www.economicconfidential.com     Ex-Banks' CEOs to Remain in Custody Till September As EFCC Draws List of Defaulters for Prosecution The hope for the early release of sacked chief executives of banks that were accused of granting non-performing loans is dashed as the EFCC has secured a court order to detain them till September 6, 2009... Read   Jimoh Ibrahim to Pay  N3.1bn to Oceanic Bank Over Debts The Group Managing Director of Global Fleets, Bar. Jimoh Ibrahim has offset part of his indebtedness to the Oceanic Bank Limited to the tune of N3.1b from the N8billion which he claimed the bank had notified him as the amount he owed as at May 18, 2009... read   EFCC Declares Ibru, Akingbola Wanted  The Economic and Financial Crimes Commission, EFCC has declared wanted the recently sacked Chief Executive Officer of Oceanic International Bank Plc, Mrs. Cecilia Ibru, and her Intercontinental Bank Plc counterpart, Mr. Erastus Akingbola... Read   FEATURES Banks and Fraud Incorporated By Les Leba It seemed that the banks could do no wrong with Charles Soludo as Governor of Central Bank.  Even when Intercontinental Bank was fingered as distressed by International Rating Agencies... non other than the erudite keeper of our nation's treasury came out in stout defence of Intercontinental Bank with several adverts in the media... Read   Bank Debtors and the plight of textile sector By Saka Raji Audu The question is, where were these five banks with their N746 billion when the Federal Government of Nigeria had been searching for only N70 billion to assist the textile industries towards overcoming their plights in form of textile revival loan?... Read   Also read more from Media Updates in the Homepage (www.economicconfidential.com):   *ICPC probes ex-minister Ezekwesili *N747bn loan- Dangote, Jimoh pay N6b *Debts- EFCC boss moves to Lagos *RMAFC:NNPC to return N12.64bn to FAAC *CBN  puts N100m debtors in new list *CBN, EFCC advised to follow due process *Non-performing loans will affect pension *UMYA backs sanusi's reform, No Agenda *Nigerian oil militants surrender rockets   Economic Confidential Factual, Authoritative and Accesible Nigeria's Economic Magazine www.economicconfidential.com

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