The Central Bank of Nigeria CBN has stopped the electronic transfer of cash deposits held in domicillary bank accounts in Nigeria. In a circular released by the central bank, the bank said that only funds that were transferred electronically into an account can be transferred out electronically. All funds paid in as cash can only…
Tag: CBN
CBN Creates Milk Importation Cabal, Approves 6 Companies for Diary Products Imports
The Central Bank of Nigeria (CBN) has said only companies in the milk and diary products industry that it has engaged into its own backward integration program are allowed to access form ‘M’. The apex bank in a statement issued on Tuesday by its Director of Trade and Exchange Department, Dr. O.S Nnaji listed six…
Forex Ban: PDP Slams Buhari, Says President Out to Punish Nigerians
The Peoples Democratic Party (PDP), has slammed President Muhammadu Buhari for his directive to the Central Bank of Nigeria (CBN) to stop issuing forex to food importers in the country. In a statement issued on Tuesday by the party’s national publicity secretary, Kola Ologbondiyan, the PDP said the directive was a plot to punish Nigerians…
Senate committee checkmates Buhari’s cabal. Reconfirms Emefiele as CBN for 2nd term
…Falana Calls For Probe Central Bank’s governor, Godwin Emefiele on Wednesday received the nod of the Senate Committee on banking, insurance and other financial institutions for another term. President Muhammadu Buhari had last week renominated Emefiele for a second term. At the senate’s committee screening, the chairman, Rafiu Ibrahim (PDP, Kwara South) dismissed the leaked…
CheckMate: Buhari’s cabal releases audio of CBN Governor Emefiele trying to cover up a $2bn missing funds.
Just a day after the news of Buhari’s renomination of CBN governor Godwin Emefiele, a mysterious tape of Emefiele discussing how to cover up a missing $1.6bn surfaced on news medium Sahara Reporters.
