CBN Dep Gov Restates Likely Emergence of 15 Banks – Thisday
September 29, 2009 by tim · Comments Off
Deputy Governor, Opera-tions, Central Bank of Nigeria (CBN), Mr. Babatunde Lemo, yesterday confirmed THISDAY’s story to the effect that 15 out of the current 24 banks might emerge after the banking watchdog’s ongoing reform in the banking sector.
Chinese, British, South Africans Eye Nigerian Banks, says Sanusi – The Guardian
September 27, 2009 by tim · Comments Off
After several weeks of about the sale of Nigerian banks to foreign investors, the governor of the Central Bank of Nigeria (CBN) Mallam Sanusi Lamido Sanusi has revealed that foreign investors had actually been eyeing Nigerian banks as early as last October, when the stock market started crashing.
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.
Foreign govts caution investors on Nigerian troubled banks – The Guardian
September 3, 2009 by Bunmi Awolusi · Comments Off
Two foreign investors, allegedly pre-selected by the Central Bank of Nigeria (CBN) for the planned sale of five banks in the country, may have turned down the offer, going by indications emerging from London, United Kingdom (UK). They were slated to invest in Intercontinental Bank Plc and Afribank Plc.
Sanusi: We Didn’t Go to UK to Sell 5 Banks – Thisday
September 2, 2009 by tim · Comments Off
Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi yesterday said last week’s trip of CBN officials to the United Kingdom to explain the new banking reforms in the country to the international community was not designed to advertise the five banks, whose managements were sacked, for sale to international investors.
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.
Why CBN published debtors’ list, by Sanusi – The Nation
September 1, 2009 by tim · Comments Off
Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi said yesterday that the apex bank decided to make public names of bank debtors to debunk the allegation that the shake-up in the sector was a northern agenda.
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.
CBN to expand regulatory functions – The Nation
July 16, 2009 by tim · Comments Off
The Central Bank of Nigeria (CBN), is planning to expand its regulatory functions to include every aspect of the financial services sector, the CBN governor, Mr Sanusi Lamido Sanusi, hinted yesterday.
Sanusi, who spoke in Makurdi during the 14th edition of the Finance correspondents and Business Editors’ seminar, themed, “Global Economic Crisis and Exchange Rate Management in Nigeria,” said the CBN is making arrangements to migrate from the current fragmented sub-sect oral supervision to all inclusive sector.
Foreign Investor Fingered In Controversial Banks’ Rating – The Guardian
July 5, 2009 by tim · Comments Off
An unnamed foreign investor has been accused of complicity in the controversial rating of Nigerian banks.
Sources in the financial services sector, which spoke to The Guardian yesterday, claimed that the report, which was published by The Africa Report, a publication of the Paris-based Groupe Jeune Afrique, and quoted by a Nigerian newspaper (not The Guardian), was actually borne out of a desperate move by a certain foreign investor to re-enter the Nigerian financial market following the new policy at the Central Bank of Nigeria (CBN).
