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CBN hammers 10 banks, gives reason (Full LIST)
By Kayode Sanni-Arewa
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have sanctioned 10 banks for violations of foreign exchange guidelines and other regulatory offences.
According to reports, the CBN and SEC also imposed penalties totaling N1.502 billion on the banks for breaching foreign exchange regulations within the first half of 2024.
The affected institutions include Zenith Bank, Access Bank, United Bank for Africa (UBA), Stanbic IBTC, Guaranty Trust Bank (GTB), Fidelity, Sterling Bank, First City Monument Bank (FCMB), First Bank, and VFD Bank.
Zenith Bank faced the highest penalty, paying N427 million for various infractions.
Access Bank followed with a N300 million fine, while UBA paid N279 million. Stanbic IBTC incurred a fine of N229 million, and GTB paid N188 million.
Other penalties included N30.11 million for Fidelity, N24.15 million for FCMB, N9 million for Sterling Bank, N8 million for First Bank, and N8.1 million for VFD Bank.
Zenith Bank faced the highest penalty, paying N427 million for various infractions.
Access Bank followed with a N300 million fine, while UBA paid N279 million. Stanbic IBTC incurred a fine of N229 million, and GTB paid N188 million.
Other penalties included N30.11 million for Fidelity, N24.15 million for FCMB, N9 million for Sterling Bank, N8 million for First Bank, and N8.1 million for VFD Bank.
These fines are part of ongoing regulatory efforts to enforce compliance and ensure stability within the country’s financial system.
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RESOLUTION AT NUJ FCT COUNCIL CONGRESS AND IMPEACHMENT OF CHAIRMAN PATRICK OSARETIN OSADEBAMWEN AND HIS EXECUTIVES
The National President,
Nigeria Union of Journalists (NUJ),
National Secretariat,
Jahi District,
FCT Abuja.
19 October 2024
RESOLUTION AT NUJ FCT COUNCIL CONGRESS AND IMPEACHMENT OF CHAIRMAN PATRICK OSARETIN OSADEBAMWEN AND HIS EXECUTIVES
Members of NUJ FCT Council formally resolved at the Congress held on 19th October 2024 and impeached Chairman Patrick Osaretin Osadebamwen and his executives.
This followed the flagrant violation of Article 4(9d) of the NUJ Constitution, which stipulates that:
“The Credentials Committee at the State Council level shall be nominated by the State Congress subject to the approval of the National Secretariat.
“Membership of the Credentials Committee shall be drawn from among members of the Union in good financial standing who have no intention to vie for offices in the said elections”.
However, at the Congress, the impeached Chairman took laws into his hands and decided to handpick members of the Credentials Committee in a premeditated move to flagrantly violate the provisions of the NUJ Constitution as stated above.
Consequently, members in the exercise of the power vested in the Congress, passed a vote of no confidence on the Chairman and he was subsequently impeached along with his exco members by 2/3 majority of members present during the Congress.
In view of the above, the Congress, hereby, invites the national leadership of NUJ to quickly step into the prevailing confusion at the FCT Council to save the face of the Union.
Attached herewith is the list of signatures collated for the impeachment of Chairman Patrick Osaretin Osadebamwen and members of his executives.
Cc: Vice President,
Zone D
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NUJ FCT Council Osadebamwe-led EXCO Impeached
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Jigawa Gov Suspends Commissiner nabbed by Hisbah for commiting adultery
Governor Malam Umar Namadi of Jigawa State has suspended the Commissioner for Special Duties, Auwalu Sankara.
Naijablitznews reports that the suspension is to allow an investigation into allegations made by the Kano State Hisbah.
This was made known in a statement on Saturday signed by Malam Bala Ibrahim, Secretary to the Government of Jigawa State.
The state government said that the suspension was to allow for a thorough investigation to ensure transparency and maintain the integrity of the state administration.
Recall that the Kano State Hisbah Board arrested Sankara in an uncompleted building with a married woman.
Hisbah, known as the Sharia police, made the announcement following intelligence tracking and a series of complaints received about Sankara’s alleged misconduct.
Abba Sufi, the Director General of the Hisbah Board, confirmed the arrest, stating, “Yes, it is true we have arrested Auwal Danladi Sankara with a married woman in an uncompleted building. Unknown to him, we were tracking him based on reports we received against him.”
The allegations surfaced after Nasiru Bulama, the husband of the married woman, lodged complaints with multiple authorities, including the Kano State Police Command and the Department of State Services (DSS).
Bulama accused Sankara of engaging in illicit sexual activities with his wife, who is also the mother of his two children.
But the commissioner in a statement issued on Friday night, denied the allegations, describing them as false, baseless, and malicious.
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