Recovered Bank Debts Hit N70bn – Thisday
September 9, 2009 by tim · Comments Off
The Economic and Financial Crimes Commission (EFCC) has so far recovered over N70 billion from individuals and corporate organisations owing the five banks whose chief executives were recently sacked by the Central Bank of Nigeria (CBN).
Ex-bank chief can’t account for N37.8bn – The Nation
September 5, 2009 by tim · Comments Off
A detained former bank executive cannot account for N37.844billion allegedly transferred out of his bank’s deposit, The Nation learnt yesterday. Another has £1.8million in a United Kingdom account.
Yet, another cannot account for $5million also transferred out of his bank’s deposit.
These three discoveries by the Economic and Financial Crimes Commission (EFCC) are some of the highlights of the anti-graft agency’s findings in the last 72 hours.
Bank Chiefs to Remain in Custody Till Sept 14 – Thisday
Hopes that a Federal High Court in Lagos would grant bail to the detained directors of the five banks ousted three weeks ago by the Central Bank of Nigeria were dashed yesterday as the presiding judge, Justice Dan Abutu, fixed September 14 and 15, 2009 for ruling on their bail applications.
Sanusi: – I will resign if… – Daily Trust
September 2, 2009 by tim · Comments Off
Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi said yesterday that he will resign from office if his decision to remove the Managing as well as Executive Directors of five big banks turns out to be wrong.
EFCC goes after ex-bank chiefs’ foreign accounts – The Nation
September 2, 2009 by tim · Comments Off
Barely 24 hours after it arraigned some former bank chief executives in court, the Economic and Financial Crimes Commission (EFCC) has started probing the foreign accounts of the accused.
The commission has also frozen the accounts of all the suspects in Nigeria.
Ex-bank chiefs face trial over N504b bad loans – The Nation
September 1, 2009 by tim · Comments Off
The sensational trial of former chiefs of the five troubled banks began yesterday in Lagos.
Eleven bank directors and three stock brokers were arraigned before Justice Dan Abutu of the Federal High Court, who ordered them to be remanded in custody till next Friday.
EFCC traces laundered funds to London, UAE – The Guardian
September 1, 2009 by tim · Comments Off
The Economic and Financial Crimes Commission (EFCC) may have traced some of the funds allegedly siphoned away by some of the five bank chiefs to mainly the United Arab Emirates (UAE) and London. This is coming as Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, declared that there would be no sacred cows in the ongoing drive to sanitise the banking sector.
Sanusi Promises More Shocks – The Guardian
August 30, 2009 by tim · Comments Off
Going into the third week of the crisis in the banking sector, the Governor of the Central Bank of Nigeria (CBN), Mr. Sanusi Lamido Sanusi, has promised “more shocks” for the already traumatised public.
Sanusi sells reform to UK officials – The Nation
August 28, 2009 by tim · Comments Off
CENTRAL Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi’s reforms road show began in earnest yesterday in London.
Sanusi met with officials of the Financal Services Authority (FSA). The meeting was described as “routine”.
EFCC recovers N25.5bn from five banks’ debtors – The Nation
August 28, 2009 by tim · Comments Off
About N25,570,832, 724.36 of the N747 billion owed the five troubled banks has been recovered by the Economic and Financial Crimes Commission (EFCC), it emerged yesterday.
The recovery was made in one week. EFCC’s ultimatum to the debtors to pay up expired on Wednesday.
