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Nairaland Forum / Nairaland / General / Business / 12 Banks To Pay N499b CBN Fine For Loan Policy Breach (227 Views)
CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers / Banks To Pay N10,000 Fine For Failed Transaction Not Reversed Within 24hrs / MTN Nigeria Signs N200bn Loan Agreement With 12 Banks (2) (3) (4)
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12 Banks To Pay N499b CBN Fine For Loan Policy Breach by Gidelodoi(m): 11:43pm On Oct 03, 2019 |
For breaching its guidelines on lending to the real sector of the economy, the Central Bank of Nigeria (CBN) has fined 12 major banks N499.1billion. According to an approved debit instruction, the affected banks and the amount they will pay are: Citibank (N100,743,055, 321); First Bank of Nigeria (N74,668,880,480); FBNQuest Merchant Bank (N2, 697,456,144); First City Monument Bank (FCMB), (N14, 371,064, 742) and Guaranty Trust Bank (N25, 147, 933, 628). Click on the link below to see full list https://gd9ja..com/2019/10/12-banks-to-pay-n499b-cbn-fine-for-loan.html
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