Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has released fresh regulatory guidelines for the operation of cryptocurrency transactions by Deposit Money Banks (DMB) and other financial institutions. Recall that the CBN had in February 2021 issued a circular restricting banks and other financial institutions from operating accounts for cryptocurrency service providers … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank therefore advised the public to continue with their regular banking activities without succumbing to the alarm caused by unverified reports not originating from the CBN concerning … Read more
Eko Hot Blog reports that the Special CBN Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection with the acquisition of Union Bank of Nigeria Plc by Titan Trust Bank The TTB chairman, a former deputy governor of the Central Bank of Nigeria, was directed to report at the … Read more
Eko Hot Blog reports that Titan Trust Bank has reacted to the special investigative report by the Jim Obazee-led panel into the activities of the Central Bank of Nigeria (CBN) under Godwin Emefiele, stating that there was no fraud in the acquisition of Union Bank. Obazee submitted the report of his investigation into acquiring Union … Read more
EKO HOT BLOG reports that the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said former President Muhammadu Buhari approved the Naira redesign programme. Emefiele stated this in a statement on Sunday titled, “Re; Emefiele, other stole billions, illegally kept Nigeria’s funds in foreign banks” in response to the publication of the … Read more
EKO HOT BLOG reports that the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has refuted claims that he opened 593 foreign bank accounts. Emefiele stated this in a statement on Sunday titled, “Re; Emefiele, other stole billions, illegally kept Nigeria’s funds in foreign banks” in response to the publication of the report … Read more
Eko Hot Blog reports that Former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has fulfilled the conditions of his bail as outlined by the court. Emefiele has therefore left the Kuje prison after meeting the N300 million bail condition. It was gathered that Emefiele’s release warrant was signed by a vacation judge, … Read more
On Friday, reports emerged that the Special Investigator on the Central Bank of Nigeria (CBN) and Related Entities, Jim Obazee, claimed that former President Muhammadu Buhari did not approve the redesign of naira notes. Obazee submitted his final report tagged, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences)’ to President Bola … Read more
Eko Hot Blog reports that Jim Obaze, the special investigator appointed by President Bola Tinubu on the activities of former CBN Governor Godwin Emefiele, has submitted his report. In the report submitted to President Tinubu on December 20, Obaze outlined 17 allegations against Emefiele. These include details on the acquisition of a bank in 2019, … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency assets in the country and asked banks to disregard its earlier ban on crypto transactions. The apex bank’s Director of Financial Policy and Regulation Department, Haruna Mustafa, made this known in a circular dated Friday, December 22, 2023 EDITOR’S … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has opened up on the reason for the naira scarcity across the nation. The apex bank disclosed that some individuals are hoarding the currency. EDITOR’S PICKS New ICPC Chairman Musa Aliyu Assumes Office Two-year-old Boy Killed By NDLEA Laid To Rest In Delta Lagos Govt … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has explained the reason behind the fresh naira scarcity and cash crunch being experienced in some states of the country. According to a statement made available to newsmen by the Corporate Communications Department of the apex bank, Nigerians are experiencing cash scarcity due largely … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has urged Nigerians to embrace alternative means of payment for their daily transactions as it raises alarm over the increased circulation of fake naira notes. In a statement on Friday, the spokesperson of the apex bank, Sidi Ali Hakama, detailed that counterfeit banknotes, especially the … Read more
EKO HOT BLOG reports that the House of Representatives Committee on Public Petitions has issued warrants for the arrest of the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, the Accountant General of the Federation, Oluwatoyin Madein, and 17 other officials for failing to appear before the committee. The decision followed the adoption of a motion … Read more
Eko Hot Blog reports that starting from March 1, 2024, the Central Bank of Nigeria (CBN) has announced that accounts lacking the Bank Verification Number (BVN) and the National Identity Number (NIN) will face restrictions on conducting transactions Similarly, the CBN has made the possession of BVN and NIN mandatory for all bank account openings. … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN), on Friday, announced that it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024. This online media platform gathered that the apex bank directed a “Post no Debit” restriction on all affected bank accounts. EDITOR’S PICKS … Read more
Eko Hot Blog reports that the Central Bank of Nigeria, CBN, has issued a fresh directive to all banks and Nigerians regarding accepting old and redesigned Naira notes. CBN issued the directive on Wednesday in a statement by its Acting Director of Corporate Communications, Mrs Sidi Hakama. The bank emphasised that all bank notes, including … Read more
EKO HOT BLOG reports that in a move that has sent shockwaves through the Central Bank of Nigeria (CBN), eight directors have been redeployed to the Financial Sector Surveillance (FSS) Department in the Maitama office. EDITOR’S PICKS Nationwide Strike: NLC Sends Letters To Electricity Union, ASUU For Compliance FG Issues Stern Warning To NLC, … Read more
Eko Hot Blog reports that an FCT High Court on Wednesday admitted the suspended Central Bank of Nigeria (CBN) Godwin Emefiele to bail in the sum of N300 million. Justice Hamza Muazu also ordered Emefiele to produce two sureties in like sum. Muazu ordered that the sureties must have certificates of occupancy and titles of … Read more
EKO HOT BLOG reports that President Bola Tinubu-led government has reduced to six counts the fraud charges it filed against the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. This online media platform understands that the charges, bordering on alleged procurement, were originally 20. EDITOR’S PICKS Nationwide Strike: NLC Sends Letters To … Read more