26 h. ago Forfeited properties don’t belong to Emefiele, family members – Lawyer

Tribune Online Forfeited properties don’t belong to Emefiele, family members – Lawyer Lawyer to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has refuted claims that the recently forfeited properties by a Federal High Court in Lagos belong to the embattled Emefiele or any of his immediate family members. In a statement signed by Olawale Fapohunda, Esq., the lawyers clarified that the assets in question, allegedly […] Forfeited properties don’t belong to Emefiele, family members – Lawyer Tribune Online

Society

31 h. ago Court orders final forfeiture of $4.7m, N830m, properties linked to Emefiele

Tribune Online Court orders final forfeiture of $4.7m, N830m, properties linked to Emefiele Justice Yellim Bogoro of the Federal High Court in Lagos has ordered the final forfeiture of $4.7 million, N830 million, and multiple properties linked to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. Delivering judgment on Friday, Justice Bogoro granted the forfeiture request filed by the Economic and Financial Crimes Commission (EFCC), represented by […] Court orders final forfeiture of $4.7m, N830m, properties linked to Emefiele Tribune Online

Politics

31 h. ago Court orders final forfeiture of $4.7m, N830m, multiple properties linked to Emefiele

By Lukman Olabiyi   Justice Yellim Bogoro of the Federal High Court, Lagos on Friday ordered the final forfeiture of $4.7 million, N830million, and multiple properties linked to Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN). Justice Bogoro who had earlier dismissed an application seeking to halt his verdict, granted the […] The post Court orders final forfeiture of $4.7m, N830m, multiple properties linked to Emefiele appeared first on The Sun Nigeria.

Politics

32 h. ago Finally, Court Orders Forfeiture Of $4.7m, N830m, Properties Linked To Emefiele

Justice Yellim Bogoro of the Federal High Court in Lagos, on Friday, ordered the permanent forfeiture of $4.7million, N830million, and multiple properties linked to the immediate-past governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Bogoro ordered that the monies and properties be handed over to the federal government after dismissing an application […]

Politics

38 h. ago Citing Inflation Moderation, Exchange Stability, CBN Holds Interest Rates At 27.5%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) took a twist in its year-long inflation chase yesterday by holding all the parameters constant around the 27.5 per cent Monetary Policy Rate, attributing the decision to a moderation in major economic variables, especially the rebased inflation figure. However, analysts say they expect that […]

Politics

56 h. ago JUST IN: CBN retains interest rate at 27.50%, maintains other parameters

Tribune Online JUST IN: CBN retains interest rate at 27.50%, maintains other parameters The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters. This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja. In this regard, that keeps the Monetary Policy Rate (MPR) at 27.50 percent, and retains the asymmetric corridor around […] JUST IN: CBN retains interest rate at 27.50%, maintains other parameters Tribune Online

Politics

3 d. ago Supreme Court Quashes Garnishee Order Against CBN, Says Police, SARS Not MDAs

The Supreme Court has set aside a garnishee order issued against the Central Bank of Nigeria (CBN), dismissing proceedings initiated by Inalegwu Frankline Ochife in a legal battle that spanned several years. In its judgement on the appeal with suit number SC/CV/268/2021, Justice Habeeb Abiru, held that the lower courts erred in their assessment of […]

Events

3 d. ago FG wants Binance to pay $79bn for economic loss fine, $2bn tax

Tribune Online FG wants Binance to pay $79bn for economic loss fine, $2bn tax In the new case, the Federal Inland Revenue Service (FIRS) is imposing demands and alleged liabilities, which include a 10% penalty for non-payment of income tax for the years 2022 and 2023. Additionally, there is a 26.75% interest rate applied—reflecting the prevailing Central Bank of Nigeria (CBN) lending rate per annum—starting from January 1, 2023, and January 1, 2024, respectively, along with other charges. FG wants Binance to pay $79bn for economic loss fine, $2bn tax Tribune Online

Economics

3 d. ago Publish details of dormant accounts, unclaimed balances, CBN orders banks

Tribune Online Publish details of dormant accounts, unclaimed balances, CBN orders banks ...CBN has directed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets on their official websites. Publish details of dormant accounts, unclaimed balances, CBN orders banks Tribune Online

Politics

3 d. ago ‘Step down immediately,’ CBN orders bank directors with unpaid insider loans to resign

Tribune Online ‘Step down immediately,’ CBN orders bank directors with unpaid insider loans to resign The Central Bank of Nigeria (CBN) has directed bank directors with non-performing insider-related loans to step down from their positions immediately. The directive, issued in a circular signed by the Acting Director of Banking Supervision, Adetona Adedeji, on Monday, is aimed at strengthening corporate governance and improving risk management within the banking sector. Insider loans […] ‘Step down immediately,’ CBN orders bank directors with unpaid insider loans to resign Tribune Online

Politics

4 d. ago CBN directs banks to publish account name, dormant types, unclaimed balances

The Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions to publish the name of the read more CBN directs banks to publish account name, dormant types, unclaimed balances

Politics

4 d. ago CBN orders banks to disclose dormant account details, unclaimed balances

From Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to publish details of dormant accounts, unclaimed balances, and other financial assets in line with the Guidelines on Management of Dormant Accounts, Unclaimed Balances, and Other Financial Assets in Banks and Other Financial Institutions in Nigeria 2024. […] The post CBN orders banks to disclose dormant account details, unclaimed balances appeared first on The Sun Nigeria.

Politics

4 d. ago CBN backs telecom’s backward integration to strengthen naira, economy

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) last week urged telecom companies to lessen their reliance on read more CBN backs telecom’s backward integration to strengthen naira, economy

Politics

4 d. ago Court restrains CBN, others from withholding Kano LG allocation

Tribune Online Court restrains CBN, others from withholding Kano LG allocation A Kano State High Court, on Monday, issued an order of perpetual injunction restraining the Central Bank of Nigeria (CBN) from withholding funds from the Federation Account to the 44 local governments of the state. According to the News Agency of Nigeria (NAN), the applicants were the Chairman of National Union of Local Government Employee […] Court restrains CBN, others from withholding Kano LG allocation Tribune Online

Politics

7 d. ago Both Customers And Banks Will Benefit From ATM’s Withdrawal Policy– CBN

Central Bank of Nigeria has assured Nigerians that both financial institutions and their customers will benefit from its recently announced policy. Recall that CBN on Tuesday, made the announcement to be imposing N100 per every N20,000 charges on cash withdrawal by customers from Automated Teller Machines of banks. Speaking during an interview on Channels TV […] The post Both Customers And Banks Will Benefit From ATM’s Withdrawal Policy– CBN appeared first on Information Nigeria.

Economics