CBN releases watchlist on financial crimes

n order to address the rising cases of crimes in the financial system, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has come up with a draft framework on local Watch-list for the banking system.
In a circular, entitled “Exposure draft of the

CBN to move against banks over poor services

Urges public to reject inefficiency
• ‘Delay in funds transfer, system failure not acceptable’

The Central Bank of Nigeria (CBN) has warned the nation’s banks against poor services, asking them to shape up or close shop.The caution followed a series of complaints by customers of frustrations in completing their