A raging inferno Friday gutted a section of the Central Bank of Nigeria, CBN, Gombe branch destroying the office of the Branch Controller, the nation reports. When the Nation visited the scene of the fire incident, the CBN staff were seen running for safety. A source confirmed that quite a number of staff members were…
I’m forced to report this dubious act of Union Bank of Nigeria following the usual practice of deducting my money in the past without refund. Last year in November, one of their customer service representatives called me and he sought my consent to be deducting N2000 every month for a package called ‘Future Saving Account’…
The Central Bank of Nigeria has promised to offer loans to National Youth Service Corps members to start small and medium scale enterprises, which they will repay in seven years. The CBN Governor, Dr Godwin Emefiele, stated this in Abuja while receiving the NYSC Director-General, Brig. Gen. Shuaibu Ibrahim, in his office. Emefiele noted that…
The Management of the Central Bank of Nigeria (CBN) has said contrary to a reported conversation which indicated that there was a fraudulent transaction which led to missing money, is false and malicious. The CBN reaction followed a notification of a purported audio recording of selective conversations amongst the Governor, Deputy Governor and some Senior…
An operator of Point of Sale (POS) machine under the business registered name, Twistwell Multiventures, Mr Joseph Okodua, has charged a payment system service provider in Nigeria, Unified Payment Services Limited (UPSL) to court for non-remittant profit of N2.6million. Twistwell Multiventures brokered business transaction agreement with Unified Payment Services Limited in which POS machine in…
The Central Bank of Nigeria (CBN) yesterday asked bank customers to report any commercial bank that rejects dirty, soiled, worn out, defaced or mutilated naira notes for sanction. CBN Director, Currency Operations Department Mrs. Pricilla Eleje, passed the message to bank customers during the launch of the Clean Note Policy and Banknote Fitness Guidelines in…
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