Report relied upon by CBN, NDIC to remove Intercontinental Bank CEO not perfect -NDIC

The prosecution witness in the ongoing trial of Dr. Erastus Akingbola, former managing director of Intercontinental Bank Plc, Paul Akali, today told the court that the report that the Central Bank of Nigeria(CBN) and Nigerian Deposits Insurance Corporation (NDIC) used in removing Akingbola were not perfect. Akali also told Justice Ayokunle Faji led-court that as at the time the bank was taken over by the CBN and NDIC, it was not a failed or failing bank. Akali, an official of Nigerian Deposits Insurance Corporation (NDIC) made the assertions while being…

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Nigerian Travel agencies lose about N180b to Covid 19, as NANTA postpones AGM

.. Calls for government bailout through interest free soft loans The president of National Association of Nigerian Travel Agencies, NANTA, Mr. Bankole Bernard has disclosed that the Nigerian travel agencies has so far lost about N180billion and still counting to the Coronavirus pandemic ravaging the world. This is coming just as the Association has postponed its Annual General Meeting, AGM slated for Kano from the 25th to 27th of March, 2020 to a later date as a result of the pandemic. Speaking during a press conference in Lagos today, Friday,…

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