Latest gist as EFCC investigating CBN Deputy Governor, Bayo Adelabu over fraud with Deziani, Onasanya

It is currently gathered that the Economic and Financial Crimes Commission (EFCC) for some hours on Monday grilled a Deputy Governor of Central Bank of Nigeria (CBN) Mr. Adebayo Adelabu over the role he played on the financial allegations with former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke and former Chief Executive Officer of First Bank of Nigeria, Mr. Bisi Onasanya.

It was discovered on Friday morning that Adelabu was interrogated and admitted to administrative bail by the anti-graft agency for abuse of office and his role in the alleged siphoning of shareholder funds via phony loans at First Bank Plc, where he previously served as the Executive Director and Chief Financial Officer.

Adelabu, a grandson of the foremost Ibadan politician in the

CBN Cautions Bank Customers Against Fraudulent SMS on Debit Cards

Latest update as the Central Bank of Nigeria (CBN) has advice bank customers against disclosing their Debit (ATM) Card details to fraudsters who send out fake SMS messages and e-mails.
It is gathered as contained in a statement disclose to Newsmen by the acting Director of Communications, CBN, Mr Isaac Okorafor on Thursday in Abuja.

Report has it as the statement warned customers not to reply text messages from individuals pretending to be Customer Care representatives of the CBN, asking for Personal Identification Numbers or Bank Verification Numbers.
“Those messages and calls are intended to lure bank account holders to

BUSINESS As TSA Transaction Fees: CBN, OAGF Seek Resolution

Latest business news as the Central Bank of Nigeria (CBN) and the Office of the Accountant General of the Federation (OAGF) are in active engagement to resolve the issue of fees payable based on existing contract to the federal government’s Treasury Single Account (TSA) platform provider and commercial banks.

It is gathered as the engagement comes six months after the platform providers and the commercial banks were directed to hand over processing fees for

Deposit Forex In Cash Into Your Bank Account CBN Statement Confirmed This

CBN’s Statement Confirming You Can Now Deposit Forex In Cash Into Your Bank Account

 Deposit Forex In Cash Into Your Bank Account CBN Statement Confirmed This as the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele in a confirmed press conference Monday that customers can now pay foreign currencies in cash into their bank accounts

We also gathered that the CBN also formally announced that it would no longer sell forex to BDCs.

It issued a statement and

Read As President Buhari Orders Fresh Probe Of CBN, NNPC, FIRS, NCC, Customs

This latest news has it that that Nigerian President Muhammadu Buhari has ordered a complete audit of all revenue generating agencies in the country as a clean up measure and to make them more efficient.

Top on the list of the agencies are the Nigerian National Petroleum Corporation, the Central Bank of Nigeria, the Federal Inland Revenue Service, the Nigerian Communications Commission and the Nigerian Customs Service.

According to Premium Times former President Goodluck Jonathan authorized the withdrawal of N67.2billion in cash from the Central Bank of Nigeria in the build up to the 2015 general elections.The amount were said to have been carted away from the bank in bullion vans.



At his first Independence Day nationwide broadcast on Thursday, the

President Jonathan picks Zenith Bank MD as new CBN Governor

 

President Jonathan has picked the current Managing Director of Zenith Bank Godwin Emefiele to replace Sanusi Lamido Sanusi as the new Governor of the Central Bank of Nigeria. His name has been forwarded to the Senate for confirmation. 

Bayo Adelabu, the current Executive Director at First Bank as Deputy Governor of CBN, replacing Tunde Lemo.

Sanusi was removed just a few months to the end of his tenure. His tenure was supposed to

President Jonathan suspends CBN governor Sanusi Lamido Sanusi

President Jonathan has suspended Central Bank of Nigeria Governor, Mallam Sanusi Lamido Sanusi and has appointed an acting Governor, Dr Sarah Alade, the most senior Deputy Governor of the CBN. This was made known in a State House Press Statement released this morning. Find it below...

Civil Society Groups Call For CBN Governor, Sanusi’s, Removal

 

A coalition of civil society organisations in Abuja, Centre for Conscious Living Against Corruption in Nigeria, has called for the resignation of the Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi  over what it described as incessant violations of ethics of public conduct, fiscal responsibility and due diligence in the discharge of his duties as the chief banker of the nation.