Bad Loans: AMCON chief seeks return of failed banks Act

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

Damage by financial institutions to the economy through approval of fictitious loans worse than corruption.

Related News

RIMAN was led by its president, Magnus Nnoka, who is also the Chief Risk Officer, Coronation Merchant Bank. Given the huge resources available in the financial institutions and the pivotal role they play in the development of the economy, Mr Kuru said it makes it mandatory for financial institutions to take risk management seriously, to prevent a repeat of the global financial crisis.

“I have been on both sides, first as a banker and now as a regulator. I can authoritatively comment on issues relating to risk management.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Another bailout

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘We’re in hurry to recover N5.4tr AMCON debt’ - The Nation NigeriaBy the Act of its establishment, the Asset Management Corporation of Nigeria (AMCON) is to recover bad debts owed by institutions - private or public I wonder what benmurraybruce thinks about this plan to impoverish the rich that can't run businesses for profit, but argue they have created employment for people. Do we institute a system that allows smart & profit making businesses have access to capital, or common sensers? Lollylarry1 your friend benmurraybruce will not like this 😂🤣😂🤣😂😂😂 Hi
Source: TheNationNews - 🏆 6. / 69 Read more »

Ogun APC warns banks against granting Amosun loans, overdrafts
Source: MobilePunch - 🏆 8. / 63 Read more »

Oil Palm: Stakeholders to receive single-digit interest loans - Emefiele - Vanguard News NigeriaThe Central Bank of Nigeria (CBN), yesterday, extended its real-sector interventions to the oil palm value chain, pledging a single-digit interest loans to players in that sector in order to stimulate massive production of the commodity.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

YouTubeTfw CBN turns into commercial bank. Tears Idukwu Aiyegbusisamue2 Don't give loan at state or local government level, visit the villagers and do direct bvn service s and delivery of funds.
Source: channelstv - 🏆 7. / 63 Read more »

It will be bad to deny south-easterners Senate President — APC chieftain – Daily TrustA Chieftain of the All Progressives Congress (APC) in Abia, Mr Austin Meregini, a.ka “Ugolee”, says it will be bad if the south-easterners are denied the position of Senate President in the 9th National Assembly. Meregini, the APC Candidate for Umuahia East Constituency seat in the Abia State House of Assembly in the last general … Did they understand exactly what they like They denied themselves by not voting APC They rejected the party and its entire candidates, that's their where they failed
Source: Daily Trust - 🏆 13. / 51 Read more »

Demand for iPhone has gone ‘from bad to worse,’ analysts claim – Daily TrustThere may be ‘iPhone fatigue’ after all. Several Wall Street analysts claim public demand for Apple’s flagship handsets is getting worse, particularly in China.ADVERTISEMENT The reports come after Apple published weak results for the latest quarter, underscored by steep declines in revenue from China and slowing iPhone sales. ‘With iPhone demand acceleration on the horizon, … m_malumfashi iPhone_News SamsungMobile Is buhari's fault
Source: Daily Trust - 🏆 13. / 51 Read more »

Don’t Approve Amosun’s ‘Injury-Time’ Loan Requests, Ogun APC Tells Banks | Sahara ReportersDon’t Approve Govsia’s ‘Injury-Time’ Loan Requests, Ogun OfficialAPCNg Tells Banks | Sahara Reporters “Why the outgoing administration still wants ‘injury-time’ loans despite those already incurred, beats one’s imagination and leaves much. READ MORE: Baba wan do die minute stealing lmao😅😅😅😅😅😅😅😅apcnigeria DOlusegun 🏃🏃🏃🏃🏃🏃⚽⚽⚽😂😂
Source: SaharaReporters - 🏆 9. / 63 Read more »

9th Senate: It will be bad to deny south-easterners Senate President — APC chieftain - Vanguard News NigeriaA Chieftain of the All Progressives Congress (APC) in Abia, Mr Austin Meregini, a.ka “Ugolee”, says it will be bad if the south-easterners are denied the position of Senate President in the 9th National Assembly. vanguardngr They are mad vanguardngr Blackmailing never helps in politics vanguardngr The ones qualified to have it are corrupt so no need because they will use it to come and forment trouble in the east,what did senate President bring to people of Kwara state or NC,abeg next.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

U.S. ex-ambassador, Campbell, says Nigeria’s presidential election bad news for democracy | The Guardian Nigeria News - Nigeria and World NewsFormer United States (U.S.) Ambassador to Nigeria, John Campbell, has described Nigeria’s 2019 presidential election as bad news for democracy, adding that former Vice President Atiku Abubakar is unlikely to win his suit in court. True talk And the one that brought Trump over them is worse. They have still not recovered from it. usmindyourbusiness There's no other way to describe this, Too bad!!!
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Thank you ambassador Ok, so the one held in US was good news? He had better go and face how good election could be conducted for the Americans Mr Ambassador shut up and mind your business
Source: GuardianNigeria - 🏆 1. / 94 Read more »