Forex infractions: CBN deducts N5.5bn from Stanchart, Citibank, Stanbic IBTC Motolani Oseni, Lagos
The Central Bank of Nigeria has deducted total sum of N5.486 billion from accounts of Standard Chartered, Citigroup and Stanbic IBTC Plc over violation of extant laws and regulations, including the Foreign Exchange (Forex) mitoring and miiscellaneous Provisions. The apex bank debited Standard Chartered the sum of N2.4 billion https://plus.google.com/+DailytimesNgr/posts
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($7.9 million), deducted N1.2 billion from Citigroup and N1.889 billion to meet a regulatory fine imposed last week when it was found to have aided telecommunications giant, MTN Nigeria, to illegally repatriate funds from the country. The apex bank described reasons for the action as ‘flagrant violation of extant laws and regulations of the Federal Republic of Nigeria, including the Foreign Continued on page 3
FRIDAY, SEPTEMBER 7, 2018
VOL. 3
NO. 746
N100
At last, Anambra schoolgirls get presidential recognition Osinbajo lauds schoolgirls over gold medal at World Technovation competition in US
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Edwin Clark g 3 petitions Buhari, NSA over police raid on his residence Reps accuse minister of diverting $35m, petition Buhari, World Bank g 13 Voting population now 84.27million as INEC seeks adequate PVCs collection g 6 Nigeria’s Vice President Yemi Osinbajo (middle) with the Team Save-A-Soul Nigerian schoolgirls from Anambra State who won the World Technovation Competition foreign trade in the United States at the Presidential Villa in Abuja...on Thursday. hits N6.57trn in Gunmen snatch money from aspirant as he declares intention g 5 Q2 2018 g 6