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CBN fines 4 banks N5.87bn over foreign exchange illegal deals — NEWSVERGE
The Central Bank of Nigeria (CBN) on Wednesday imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged irregularities The banks, according to the Apex bank, allegedly remitted foreign exchange with irregular Certificates of Capital Importation (CCIs) to offshore investors of MTN Nigeria Communications Ltd. Mr Isaac Okorafor, the […]
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