The Central Bank of Nigeria has sacked all the directors of First Bank of Nigeria Limited and First Bank of Nigeria Holdings Plc.
The media has been awash with commentaries on the purported management changes at First Bank of Nigeria Ltd and the related regulatory inquiry by the Central Bank of Nigeria to the Board of First Bank of Nigeria Limited. It has therefore become necessary for me to address the public to clear any misconceptions.
The bank maintained healthy operations up until 2016 financial year when the CBN’s target examination revealed that the bank was in grave financial condition with its capital adequacy ratio and non-performing loans ratio substantially breaching acceptable prudential standards. Change of management team under the CBN’s supervision with the appointment of a new Managing Director/ Chief Executive Office in January 2016.
Renewal of the forbearances on a yearly basis between 2016 and 2020 following thorough monitoring of progress towards exiting from the forbearance measures
I just wrote a small book on timetables for nigerian Diabetics. Kindly retweet so it can get to the one who needs this.. it cost only 1000 Naira. The link is
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.