CBN freezes bank accounts of six fintech platforms for 6 months

CBN freezes bank accounts of six fintech platforms for 6 months

The request of the Central Bank of Nigeria (CBN) to freeze accounts of six fintech companies has been granted by a federal high court in Abuja. The apex bank said it is investigating “illegal foreign exchange trading” by the fintech companies. It sought the court injunction to freeze their account details for 180 days pending…

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CBN Explains Why Naira Falls Against US Dollar

CBN Explains Why Naira Falls Against US Dollar

The Central Bank of Nigeria (CBN) has expantiated the recent sharp depreciation of Naira against the United States Dollar. Responding to questions from members of the House of Representatives Committee on Finance during the 2022-2024 MTEF/FSP stakeholders interactive session on Monday, August 16, CBN Deputy Governor, Corporate Services, Edward Adamu blamed the depreciation on COVID-19 pandemic, shortage in…

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Former South African President, Jacob Zuma Undergoes Surgery

Former South African President, Jacob Zuma Undergoes Surgery

The former South African President, Jacob Zuma who was jailed for corruption and was recently moved to a health facility, has undergone surgery and will stay in hospital for further procedures, the government said Sunday.“Mr. Zuma underwent a surgical procedure on Saturday, 14 August 2021, with other procedures scheduled for the coming days,” the correctional services…

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Luxury Cars Recovered As EFCC Arrests 42 Internet Fraud Suspects In Anambra, Enugu (Photos)

Luxury Cars Recovered As EFCC Arrests 42 Internet Fraud Suspects In Anambra, Enugu (Photos)

According to a report by Daily Post, the Economic and Financial Crimes Commission (EFCC) arrested 42 suspected internet fraudsters in separate operations in Awka and Enugu States. Twenty-nine were apprehended in Awka, the Anambra capital, while thirteen were arrested in Enugu. EFCC spokesman, Wilson Uwujaren said the raid followed intelligence on their alleged involvement in…

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