Central Bank of Nigeria Archives

Frozen Accounts: You Conducted Yourselves Like Terrorists, CBN Tackles #EndSARS Protesters

November 11, 2020November 11, 2020 Editor TellAfrica

-Adewale Adetoyese The apex bank, Central Bank of Nigeria was able to freeze the accounts of 20 #EndSARS campaigners after telling a Federal High Court in Abuja that the funds in their accounts might have been linked to terrorist activities. This is according to a written address in support of a motion ex parte filed by the Central Bank of Nigeria. TellAfrica gathered that the CBN had in the second week of October frozen 20 accounts and thereafter approached the court to seek an ex parte order to freeze the…

New CBN Bank Policy “GSI”, Bank Customers Be-Aware!

August 3, 2020August 3, 2020 Editor TellAfrica

A new policy that will deny serial bad debtors any cover to operate went live in the Nigerian banking system on 1 August 2020. The Central Bank of Nigeria (CBN) says the Global Standing Instruction (GSI) policy will facilitate improved credit repayment culture in the country; reduce non-performing loans (NPLs), and promote watch-listing of chronic loan defaulters in the Nigerian Banking System. The policy, introduced by the CBN by virtue of Section 2 (d) of the CBN Act, 2007, is to promote a sound financial system and enhance loan recovery…

Minor Fire Outbreak At CBN, Jos Branch

April 21, 2020April 21, 2020 Editor TellAfrica

In a tweet shared from the verified handle of the Central Bank of Nigeria at 13. 44pm on Tuesday 21st of April 2020, the fire outbreak was announced. It stated that; “Minor fire outbreak at the Jos branch of Central bank of Nigeria, promptly contained today, April 21, 2020.” This is the fourth time in a roll, where government offices will be on fire in the month of April. In Abuja, the Accountant General’s office was gutted, then the Corporate Affairs office and then a section of the INEC office…