The Central Bank of Nigeria(CBN) Monday morning revoked the license of Heritage Bank for breaching Section 12(1) of the Banks and other Financial Institutions Act(BOFIA) 2020.
By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN) has described as false allegations that it plans to withdraw the licenses of three additional banks namely, Unity, Polaris and Keystone. The Bank had on Monday revoked the operational licenses of Heritage Bank and directed Nigeria Deposit Insurance Corporation NDIC to liquidation process of the
The Senate Committee on Banking, Insurance and other Financial Institutions has postponed the planned public hearing for an amendment of the Central Bank of Nigeria Act. A statement signed by Special Adviser to the Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Prof Uche Uwaleke, the bill titled “An…
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