Falana Writes CBN Over Plot To Sell Polaris Bank For N40 Billion - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Falana Writes CBN Over Plot To Sell Polaris Bank For N40 Billion (171 Views)
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| Falana Writes CBN Over Plot To Sell Polaris Bank For N40 Billion by lackren(m): 8:57am On Oct 04, 2022 |
Human rights lawyer and activist, Femi Falana, has written a letter to the Central Bank of Nigeria (CBN), demanding details of the proposed N40 billion sale of Polaris Bank Ltd. Polaris Bank Ltd was rescued with N1.2 trillion taxpayers’ funds since its 2018 nationalisation. The apex bank was proceeding secretly but firmly to sell Polaris Bank Ltd to an obscure businessman for roughly N40 billion according to multiple sources familiar with the matter, Peoples Gazette reports. Mr Falana wrote the CBN on August 25 to demand details of the shady transaction or risk a lawsuit at a Federal High Court. Mr Falana had based his request on the provisions of the Freedom of Information Act 2011, a law that mandates the CBN to accede to the demand within seven days of receiving the letter Read Full Story Here 1 Share
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| Re: Falana Writes CBN Over Plot To Sell Polaris Bank For N40 Billion by Snitch24(m): 10:46am On Oct 04, 2022 |
im wondering if this cbn governor even has a degree most times act like a layman |
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