CBN Dissolves Board, Management of Another 3 Prominent Banks in Nigeria

The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank. In a press statement signed by the Ag. Director, Corporate Communications, Sidi Ali, Hakama (Mrs.), the CBN said; “this action became necessary due to the non-compliance of these banks and their respective boards with the

AGF Malami forced us to convert $40 million recovered loot at N305 per dollar: Keystone Bank

Attorney-General of the Federation, Abubakar Malami, issued a directive that a part of the $136 million belonging to the Nigeria National Petroleum Corporation (NNPC) should be paid in naira equivalent, Keystone Bank has said. The bank made this revelation during a hearing of the Ad-hoc Committee on Assessment and Status of all recovered loots, Movable