News & Insights

NDIC liquidates 427 institutions — official

Banks compromising forex, money laundry act by accepting cash deposit of $400,000

Indication emerged weekend that some Nigeria banks managing directors are in active connivance with money launderers, political expose persons and unscrupulous businessmen who now resort to depositing large some of foreign currencies in cash into their domiciliary account. They are said to buy large sums of dollars and other currencies […]