Economic and Financial Crimes Commission (EFCC) has put on its watch-list the three former bank chiefs sacked last week to prevent their escape from the country. The Central Bank of Nigeria (CBN) sacked the Managing Directors of Bank PHB Plc, Equitorial Trust Bank Plc and Spring Bank Plc last Friday for lacking sufficient capital which put their banks in poor financial conditions. It also injected N200 billion into the affected banks as liquidity support and long term loans to enable them continue running their operations. From Daily Trust: http://news.dailytrust.com/index.php?option=com_content&view=article&id=7239:efcc-watch-lists-newly-sacked-bank-chiefs-&catid=46:lead-stories&Itemid=140

Discussion started by Auwal Odidi , on 05 October 08:10 PM