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Ex-First Bank MD, Onasanya denies N12.3bn fraud allegations

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Ex-First Bank MD, Onasanya denies N12.3bn fraud allegations

The former Group Managing Director of First Bank of Nigeria (FBN) Limited, Bisi Onasanya. has denied involvement in a N12.3 billion fraud. Onasanya was accused of allegedly looting N12.3 billion from First Bank. In a statement released to the press over the weekend, Onasanya, who spoke through his Communication Advisor, Mr. Michael Oshunuyi, described the … Read more

CBN sanctions UBA, Zenith Bank, First Bank, six others for failing to dispense cash

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CBN sanctions UBA, Zenith Bank, First Bank, six others for failing to dispense cash

The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is a clear message of zero tolerance for cash flow disruptions. … Read more