Stats: 3,191,131 members, 7,943,078 topics. Date: Sunday, 08 September 2024 at 03:23 AM |
Nairaland Forum / Nairaland / General / Politics / CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! (27796 Views)
Stanley Lawson Accused Of Laundering Billions For Madueke Working For FG - SSS / Jonathan Budgeted Billions For Roads But Failed To Pay Contractors – Fashola / TSA: CBN Fines Skye Bank N4bn For Concealing Mdas' Funds (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by citizenisb: 4:36am On Oct 26, 2015 |
http://www.thisdaylive.com/articles/tsa-cbn-fines-firstbank-uba-n4-82bn-for-concealing-nnpc-funds/223781/ 6 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by ORACLE1975(m): 4:39am On Oct 26, 2015 |
buhari is working,other are crying me and my nothern brothers are happy, God please give my president long life so that my grand children will see your good side. 25 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Demmocrats(m): 4:42am On Oct 26, 2015 |
![]() I told you guys he will change this nation for good it has begun. In summary bankers are part of the corruption killing this great nation, if one of them is jailed for life then they will all sit up and know my new "sheriff" in town ain't playing. God bless my sai baba Sai Buhari. 71 Likes 5 Shares |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Firefire(m): 4:45am On Oct 26, 2015 |
Criminal banks. ![]() 5% fine is even too small. 21 Likes 1 Share |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by citizenisb: 4:48am On Oct 26, 2015 |
Thereafter, the source said the CBN Director, Banking Supervision, Mrs. Tokunbo Martins, then wrote to the banks asking that they furnish it with information on any unremitted funds, after which it was established that FirstBank and UBA had failed to remit N58.8 billion and N37.5 billion respectively, leading to the imposition of the penalty of N4.819 billion on both banks. The source explained that FirstBank and UBA were being recalcitrant by refusing to comply with the directive despite repeated efforts by the CBN to get them to transfer the concealed funds. She however clarified that the concealment was not a reflection on their liquidity, as both banks are very liquid. Please be careful on how much you have in these banks before they fold up suddenly on us!! 18 Likes 2 Shares |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Warlord3000(m): 4:49am On Oct 26, 2015 |
Lol... Remove those government accounts and money you will see that the banks are just a bunch of buildings and nothing more... Maybe now they will care for us more instead of doing yanga on top we genuine customers... Time for real banking ![]() 90 Likes 2 Shares |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by citizenisb: 4:59am On Oct 26, 2015 |
Bank workers need to pray hard because I predict massive job losses to counter the reduction in profitability due to the exit of this easy money from government. Banks thrived on COT WHICH IS BEING PHASED OUT AND MULTIPLE HIDDEN GOVERNMENT ACCOUNTS FROM WHICH THEFT OCCURS. They are all in serious trouble!! 17 Likes 2 Shares |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by walearoy(m): 5:12am On Oct 26, 2015 |
Now this is bad I hope heads will not roll |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by DropShot: 5:44am On Oct 26, 2015 |
These banks obviously still think we're in thw era of impunity where their non compliance with FG's directive attracted no sanctions. Now they will learn the hard way we're passed that phase. 33 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by ODUBEZE: 5:44am On Oct 26, 2015 |
How I wish the CBN can also do the same to Nigerian stolen loot abroad! 9 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by dhantey324(m): 5:53am On Oct 26, 2015 |
No biggie... |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by henchamb(m): 5:55am On Oct 26, 2015 |
The days of impunity are over. Disrespect fedeal legitimate orders st your own peril. 23 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Nobody: 6:19am On Oct 26, 2015 |
Lalasticlala....its no longer business as usual 8 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by aieromon(m): 6:30am On Oct 26, 2015 |
People should be ready to face the consequences of their actions. 8 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by omowolewa: 6:33am On Oct 26, 2015 |
Humm! Bank's profit would not smile this year. Time to divest 6 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by hrykanu231(m): 6:33am On Oct 26, 2015 |
Come make nothing happen to them o@First Bank o, na der my salary account dey o. All states Trust Bank taught me a lesson already a decade ago. 7 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Opinedecandid(m): 6:42am On Oct 26, 2015 |
Na court go resolve that one. First Bank and UBA head to Court, asap. 2 Likes 1 Share |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by solutions124: 6:42am On Oct 26, 2015 |
interesting |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by citizenisb: 6:49am On Oct 26, 2015 |
http://nairametrics.com/caught-uba-first-bank-fined-n4-8-billion-for-concealing-tsa-belonging-to-nnpc/ UBA and First Bank has been fined a total sum of N4.8 billion for not remitting all Government funds in their coffers in line with the TSA requirements, Thisday reports. According to the paper, First Bank got a penalty of N1,877,409,905.12 and UBA a penalty of N2,942,189,651.45 for failure to comply. The fines were based on a ‘concealment’ of N37,548,198,102.41 and N58,843,793,029.05 both belonging to the Nigerian National Petroleum Corporation’s (NNPC) by First Bank and UBA respectively. The report quotes a source which explained that both banks did not deliberately fail to remit that instead the failure was due to a miscommunication and that both bank were still very much liquid. First Bank is yet to release their 9 months to September earnings. UBA released its earnings showing deposits was essentially flat between September 2015 and December 2014 at N2.17 trillion. 2 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Rilwayne001: 6:50am On Oct 26, 2015 |
Firefire: ![]() 2 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by sunkoye: 6:59am On Oct 26, 2015 |
This is high level integrity issue. Heads should roll joor...they too wont fink twice to dismiss employee that does such. 9 Likes 1 Share |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by drey076(m): 7:01am On Oct 26, 2015 |
Good, no bank is above the rule 2 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Nobody: 7:15am On Oct 26, 2015 |
Some sharp guys probably kept this money without the knowledge of management, hoping that someday everybody will forget about it. 7 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Adesiji77: 7:15am On Oct 26, 2015 |
Hmmm... Their PBT is more than enough to absorb it ![]() It is very possible that an "account officer" failed to do the "necessaries" Most banks took this directive very seriously knowing that it is no longer business as usual. Again, you can never tell.... 1 Like 1 Share |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by mznuez(f): 7:16am On Oct 26, 2015 |
Why my bank ![]() |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by smasher1(m): 7:16am On Oct 26, 2015 |
Kk |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Samirana360(m): 7:17am On Oct 26, 2015 |
I dnt wanna read all dis long story buh my question is; who wil eat dat money? Whose account ar they goin 2, who wil account 4 it? D governor? Who? Oya op answer me |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by clefstone(m): 7:17am On Oct 26, 2015 |
Mouth |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by kinglekan: 7:17am On Oct 26, 2015 |
Interesting stuff, what i find a little bit confusing is that the CBN actually acknowledged the fact that there was a directive from the account general of the federation to a director with the CBN and the CBN governor had no knowledge of such. How did the bank executives get the circular in the first place if there was no official communication between the "director with the cbn" and the banks. I think there is a problem with the line of communication as the account general wouldn't send a circular on an issue as important as excluding some MDAs from using the TSA without copying the CBN governor. 4 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by Jaideyone(m): 7:17am On Oct 26, 2015 |
Good!!! now this is a Government that works. a certain clueless fisherman gave a directive on TSA but no one complied Change is here!!! 8 Likes |
Re: CBN Fines FIRST BANK And UBA Billions For TSA Hiding NNPC FUNDS!! by raymondzack: 7:18am On Oct 26, 2015 |
Thieves that wear suits N seat in beautiful building 4 Likes |
Olusola Adeyeye Emerges Senate Chief-Whip / Precious Chikwendu Celebrates Her Birthday Without FFK / Wheelbarrow: David Mark Mocks Ortom; Ortom Says He's Jealous Of His Achievement
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 32 |