CBN Fires First Bank Directors, Announces Reinstatement of Adeduntan as MD

CBN Fires First Bank Directors

CBN Fires First Bank Directors, Announces Reinstatement of Adeduntan as MD         The Central Bank of Nigeria (CBN) has fired all board members and directors of First Bank Holding and First Bank Nigeria Limited. CBN Governor, Godwin Emefiele, announced their query on Thursday when he addressed the media. Emefiele further announced the reinstatement of Adesola Adeduntan as First Bank Managing Director. The apex bank declared that the appointment of Gbenga Shobo was done without its approval. Emefiele said CBN has been involved in management changes involving First…

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USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels

Banking Channels

USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels         After 48 hours of disconnecting MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps, commercial banks on Sunday have reconnected MTN customers to banking channels, The PUNCH can confirm. The Punch correspondent gathered that the development followed the intervention of the Minister of Communications and Digital Economy, Isa Pantami; and the Governor of the Central Bank of Nigeria, Godwin Emefiele. The banks blocked MTN customers on Friday, leaving millions of MTN subscribers frustrated…

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Court Summons Malami, Emefiele, Five others over National Theatre Handover

National Theatre

Court Summons Malami, Emefiele, Five others over National Theatre Handover       A Federal High Court sitting in Lagos has directed the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, Governor of the Central Bank of Nigeria, Godwin Emefiele, and five others to appear before it on Friday, July 24. According to the court, they are to explain the alleged handover of the National Theatre to some developers while the structure is a subject of a pending lawsuit. Among the five others summoned by Justice Ayokunle Faji…

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