Tinubu Hires Special Investigator to Probe CBN, Trace Stolen Funds
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Tinubu Hires Special Investigator to Probe CBN, Trace Stolen Funds

BySamod Biobaku

President Bola Tinubu has taken decisive action in the fight against corruption by appointing a Special Investigator to look into the activities of the Central Bank of Nigeria (CBN) and Related Entities. In a letter addressed to Jim Osayande Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN), Tinubu named him…

CBN Closes 31 Banks in Lagos and 72 Microfinance Banks Nationwide
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CBN Closes 31 Banks in Lagos and 72 Microfinance Banks Nationwide

BySamod Biobaku

The Central Bank of Nigeria (CBN) recently announced the closure of 31 banks in Lagos as part of a larger effort to strengthen the banking sector in Nigeria. This action was taken as a result of the banks’ inability to meet minimum regulatory requirements, and the CBN has emphasized that the closures are necessary to…