FOUR NIGERIAN BANKS TO SIGN MOU WITH NEW INVESTORS THIS MONTH

By Niyi Tabiti The Governor of Nigeria’s apex bank, Central Bank of Nigeria (CBN),Malam Sanusi Lamido Sanusi, disclosed that four of Nigerian rescued banks are expected to sign a momoradum of Understanding (MOU) with their new investors later this month (February 2011). gistmaster.com gathered that the banks are Intercontinental Bank,Oceanic Bank,Bank PHB and Finbank Plc. […]

AGAIN CBN SACK BANK CHIEFS…THIS TIME ADENUGA,ATUCHE OTHERS INVOLVED

•Removes Spring Bank directors •Pumps in N200bn loansThe Central Bank of Nigeria (CBN) announced the result of the audit of another 14 banks, sacking the chief executives of three banks; namely Bank PHB, Equitorial Trust Bank and Spring Bank. The CBN also sacked business mogul and chairman, Globacom, Chief Mike Adenuga from the board of […]

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