Tag: Bank
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CBN Targets Excess Bank Funds With N2tn OMO Offer
By Opeyemi Adelakun The Central Bank of Nigeria (CBN) is seeking to absorb excess funds from the banking system through a fresh N2tn Open Market Operations (OMO) bills offer, following a surge in liquidity to N6.283tn. Data from the Financial Markets Dealers Association showed that banking system liquidity rose from N3.709tn to N6.283tn in the…
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EFCC Arraigns Two Over Alleged Unlawful Supply Of Bank Access Codes
By Paul Joseph The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) has arraigned two men before Justice F.N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, over alleged unlawful supply of bank access credentials to a database belonging to First City Monument Bank (FCMB). The defendants, Gideon Bakpa…
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Man Allegedly Digs Up Sister’s Remains to Prove Death at Bank in India
By Paul Joseph A shocking incident has been reported from Odisha State in India, where a man allegedly exhumed the remains of his late sister from her grave in an attempt to prove her death to a bank. The man, said to be over 50 years old, reportedly took the drastic step after facing difficulties…