The Nigeria Deposit Insurance Corporation (NDIC) has announced that it has disbursed N5 million each to 82.36% of the depositors of the now-defunct Heritage Bank. However, 17.64% of the insured deposits are still pending, primarily due to issues such as Post-No Debit instructions on accounts or missing Bank Verification Numbers (BVNs). EKO HOT BLOG reports … Read more
It is self-evident that whatever the Governor of the Central Bank is doing (or not doing), the backing (and banking!!) of the President is critical. On that score, President Bola Ahmed Tinubu did not pull any punches when he spoke at the Hague, Netherlands during the business session of the bilateral meeting with the Dutch … Read more
A multi-billion naira fraud has rocked a top Nigerian bank. EKOHOTBLOG reports that the Abubakar Suleiman-led Sterling Bank Plc is currently enmeshed in an N1.7 billion fraud scandal. According to a report, the fraud is said to have rattled the lender’s financial position and it has landed one of the bank’s staff and a businessman … Read more