Central Bank of Nigeria

  • Ensure Safety of our Deposits-Micro-Finance Banks Customers

        Fraud 3Micro Finance banks in Nigeria have been called upon to put mechanisms in place to protect customers from negative tendencies by credit officers.
    This call was made by some customers in Ibadan, Oyo state, Nigeria, while recounting their experiences in recent times.
    ''These credit officers have for long engaged in unethical practices, such as collecting daily contributions and not remitting the same to their employers. We want  to be sure that our daily contributions arrive safely at the vaults of our micro-finance banks. Most of us you see here have gone through harrowing experiences with those who collect our daily contributions. The management of the bank should put measures in place to ensure our daily contributions get to them ensure the safety of our deposits, ''they advised.

    However, the Head of Credit of Apex Trust Micro-Finance Bank in Ibadan, Mr. Kunle Olagunju advised customers  of the micro-finance bank who have complaints to visit its offices to lodge such complaints, saying, '' that is the reason why we are here. We are insured by the Nigeria Deposit Insurance Corporation,'' Mr. Olagunju stated.

  • Naira Redesign-Govt Officials are not Devoted to Duty-Former Oyo TUC Chairman

    Diligent 1The hitches trailing the introduction of the new Naira notes in Nigeria has exposed the lack of devotion to duty by certain government officials and the dubious attitude of staff of some banks.

    This assertion was made on Monday by a former chairman of the Oyo state council of the Trade Union Congress(TUC), Comrade Andrew Emelieze.

    ''The Naira redesign is an indictment on certain officials of government who have not been diligent in their duties and a number of staff in banks who are duboius and questionable. As a matter of fact, Nigerians are now in great doubt of the real motive behind the Naira redesign. The apex bank should not be used to achieve sinister motives, it could be counter productive'', Comrade Emelieze stated.