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CBN lifts ban on Opay, Moniepoint, two other fintech banks

4 June 2024

Opay in a statement  through its official X handle announced that the apex bank has lifted the ban. This is coming after the expiration of a May 31 deadline given to the fintechs to meet Know Your Customer, KYC, and other regulatory requirements. The governor of CBN, Olayemi Cardoso, had, at the end of the […]

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Reps investigate mass sacking of CBN staff

30 May 2024

The lawmakers passed the resolution during the plenary session on Wednesday after the adoption of a motion sponsored by Jonathan Gaza from Nasarawa state. In recent months, the apex bank has reportedly dismissed over 300 employees including directors, deputy directors, assistant directors, principal managers, senior managers, and lower-ranking officials. While reacting to the development, Gaza […]

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Court seizes $4.7m, N830m, multibillion assets linked to Emefiele

24 May 2024

Justice Yellim Bogoro made the order on Thursday, May 23, 2024 following an ex-parte argued by the Economic and Financial Crimes Commission ,EFCC, counsel, Bilkisu Buhari and C.C Chineye.Others include; One plot measuring 1,038.069 sqm, at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; Estate located at 100, Cottonwood Coppel Texas […]

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Emefiele gets N300m bail over new Naira note printing

15 May 2024

Emefiele pleaded not guilty when the charge brought against him by the Economic and Financial Crimes Commission ,EFCC, was read.The former Governor of the CBN is the sole defendant in the charge before Justice Maryanne Anenih of the High Court of the Federal Capital Territory ,FCT, in Maitama.Other conditions attached to the bail include that […]

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