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N5.8bn fines: In praise of CBN – Daily Trust
Contrary to speculation in some quarters that the Central Bank of Nigeria (CBN) might soften the sanctions it imposed on four banks for helping MTN Nigeria Communications Limited illegally repatriate funds, CBN was reported to have gone ahead to debit the lenders’ accounts (namely, Standard Chartered Bank; Stanbic IBTC; Citibank and Diamond Bank), with the …