4 Nigeria Banks Rapped Over Knuckles for Fraud

The Central Bank of Nigeria has fined four banks - Diamond Bank, Citi Bank, Stanbic IBTC and Standard Chartered - for  remitting irregular Certificates of Capital Importation to offshore investors of MTN Nigeria Communications Ltd, totalling U.S.$16,3 million, between 2007 and 2015.

Central Bank of Nigeria.


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