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CBN vow to sack Bank CEOs

CBN vow to sack Bank CEOs

By AYIS in 28 Jun 2016 | 04:50
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AYIS ELIBOY

AYIS ELIBOY

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The Central Bank of Nigeria (CBN) says it will sack chief executive officer and chairman of any bank that fails to publish its financial statement within the regulatory period.

CBN stated this in the Monetary, Credit, Foreign Trade and Exchange Policy Guidelines for the 2016/2017 fiscal year released by the apex bank.
According to the CBN, all banks must publish their financial statements latest four months after their financial year or risk severe sanction, including removal of the chief executive officer and the chairman.

Meanwhile, President Muhammadu Buhari has said the current flexibility policy recently introduced by the Central Bank of Nigeria (CBN) is of no benefit to the economy .
28 Jun 2016 | 04:50
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28 Jun 2016 | 04:58
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kkk
28 Jun 2016 | 05:24
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Aiit..
28 Jun 2016 | 05:44
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not of benefit to economy..
28 Jun 2016 | 06:28
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.
4 Jul 2016 | 20:37
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passing by
4 Jul 2016 | 20:37
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vote bukkybabe
4 Jul 2016 | 20:40
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