File photo of President Muhammadu Buhari signing a document at the State House in Abuja on December 17, 2019.President Muhammadu Buhari on Thursday signed the Banks and Other Financial Institutions Act 2020.
“It will increase the appetite of banks and other financial institutions to channel much-needed credit to the real sector to support economic recovery and promote sustainable growth,” the statement further noted. Under the Act, the Governor of the Central Bank of Nigeria can impose and review penalties on infractions in the banking sector up to the tune of N100 million.
The BOFI Act 2020 updates the enabling law in response to developments and significant evolution in the financial sector over the last two decades. It will increase the appetite of banks and other financial institutions to channel much needed credit to the real sector to support economic recovery and promote sustainable growth.
Nah so den dey go sign Nigeria away in form of loan to China without going through the contents and conditions attached. In God we trust o!
A country without a president hmmmm
Mr President is signing for bank and other financial institution what about the asuu strike ...u don't even care about the youth and their tomorrow...how nigeria one take better self when we have a purpit or robot as president...God help us
He is always busy signing, avoiding the journalist, what a shame
Borrowing process
It's tough to address the nation on important issues but as a paper tiger, it's easy to sign any death warrant. Please let him wake up and sign the Electoral Bill for the benefits of all. Do we have a living president in the Aso Villa?
'I didn't know...'
Signing and smiling... Wonders shall never end.
endassuustrike
Did he know what he just sign? Did he go through it? Everything na just to sign
Channels please inform him that Asuu has been on strike for 9 months
This is totally unethical, anti masses & brain washing.
Oga sign electoral act
Good development
MBuhari you will never stop amazing Nigerians. Unfollow Buhari
Please just resign oga
Stupid banks. Bitcoin on the go. Backward government
Does he even know what he is signing.... See him dey smile sef
Repentant Boko Haram are 'more Nigerian' than you. In Nigeria, if you don't negotiate with a gun, you are nothing and will achieve nothing. You are not in Nigeria with them, their Nigeria and your Nigeria are different. Know this and have peace! 👨🏾🦯
Which of the Buharis please?
Original Buhari is left handed
Hiss
Signature specialist, please sign d electoral bill..
Does he do any other job?
Ask him to sign electoral bill
Oga Signer, no go sign our destiny to china ooo.
Lion is holding the electoral act
The worst president Nigeria has ever produced and will be the most isolated ex president.
Ifb
Is this to put more hardship on Nigerians.?
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