CBN SET TO BLOCK THE BANK ACCOUNTS OF BANK SABOTEURS

Mr Godwin Emefiele, Governor of Central Bank of Nigeria (CBN) says the bank has identified smuggling and dumping as major challenges sabotaging Nigeria’s economic policies, noting that some companies’ bank accounts have been blocked. The governor said this on the sideline of a consultative roundtable with some economic stakeholders in Lagos titled, “Going for Growth”. Emefiele said, “We have identified smugglers and people dumping goods as those who sabotage those policies and we decided that we will deal with them. The strategy that we came up with is that we…

Read More

NO COUNTRY CAN SURVIVE WITH REPUBLIC OF BENIN AS NEIGHBOUR SAYS DANGOTE, SEE WHY

Lagos – Africa’s richest man, Aliko Dangote, has berated the volume of smuggled goods coming into Nigeria through the Republic of Benin. Dangote spoke at a stakeholders’ session in Lagos between the private sector and the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele. He said smuggling activities from the Benin Republic route is killing manufacturing in Nigeria. His words: “Smuggling is killing Nigeria and most of these smuggled goods come from the Benin Republic. There is no country that can survive with Benin Republic as a neighbour. Details later……

Read More

CBN TO BLACKLIST BANK ACCOUNTS LINKED WITH SMUGGLERS OF TEXTILES

Francis Sardauna in Katsina The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has said the apex bank is currently gathering data about, and investigating the accounts of individuals and corporate organisations involved in smuggling and dumping textile materials into Nigeria. Emefiele warned that after the investigation, the names of the individuals and companies involved would be publicised, stressing that persons or organisations found culpable would be blacklisted and all the banks in Nigeria shall be barred from conducting any banking business with the companies, their owners and top…

Read More