Nigeria: EFCC Vows to Hold On to Arrested Bank CEOs

21 August 2009

Lagos — The drama and war of words over the sack of five banks' boards and managing directors; and the subsequent publication of a list of debtors by the Central Bank of Nigeria, CBN, continued yesterday, with the Chairman of the Economic and Financial Crimes Commission, EFCC, Mrs Farida Waziri, vowing that the arrested executives would not be released until all the debts have been recovered, even as the apex bank said it would soon release list of more debtors.

Also, the Head of the Civil Service of the Federation, Mr. Stephen Oronsaye, has directed Permanent Secretaries to ensure that ministries, departments and agencies do not withdraw funds or close their accounts in the five banks where the Central Bank of Nigeria effected some changes.

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