Saturday, April 19, 2025
27 C
Lagos

Access, GT, UBA, FCMB, Fidelity Bank Fined N1.4bn by CBN

Herbert Wigwe

Group Managing Director/CEO

Access Bank Plc

Access Bank Plc, UBA Plc, GT Bank Plc, Fidelity Bank Plc and First City Monument Bank (FCMB) Plc were fined over N1.4 billion in the first half of 2021 for various infractions/regulatory violations ranging from forex regulations and late filling of annual accounts amongst others by the Central Bank of Nigeria (CBN), Securities & Exchange Commission (SEC), Financial Reporting Council of Nigeria (FRCN) etc.

The fines are as follows:

  • GT Bank: N692 million
  • Fidelity Bank: N349.3 million
  • Access Bank: N185. 5 million
  • UBA: N278 million
  • FCMB: N162. 3 million
spot_img
spot_img
spot_img

Hot this week

NCDMB, Renaissance Energy Partner on Local Content Dev

L-R:  Managing Director and Chief Executive Officer Renaissance Africa...

NGX Group Holds 64th AGM, Reaffirms Commitment to Sustainable Value for Stakeholders

The Nigerian Exchange Group Plc (NGX Group) held its...

Leadway Assurance Partners AGRA on ‘Pay at Harvest’ Crop Insurance Scheme

In a significant step towards deepening agricultural resilience across...

Stanbic IBTC Bank Unveils “There Is More” Campaign: A Rallying Call for CEOs across Nigeria

Stanbic IBTC Bank ignites a nationwide conversation with the...

IPI Nigeria Appoints Idris, Garba Shehu, Egbemode, Ohwahwa, 25 Others to Committees

The International Press Institute (IPI) Nigeria has announced the...

Topics

N411m Fraud: Ecobank Turns in Ex-Manager for Prosecution

A Federal High Court in Ikoyi, Lagos, has ordered...

Sen. Seriake Dickson Endorses Subnational Climate Governance Ranking Report

The Chairman, Senate Committee on Ecology and Climate Change,...

Nigeria Tax Crackdown: An Imperative for Automated Business Solutions

Nigerian companies must ensure that they have robust, automated...

NNPC Disclaims Report on Alleged Inflated Subsidy Claims 

The Nigerian National Petroleum Company Limited (NNPC) notes with...

Insurance Sector 2021: N2tr Total Assets, N630bn Premium Income, N238bn Claims

The National Insurance Commission (NAICOM) says the total assets...

Chinese Firm Flags-Off Production of Meters in Nigeria

A Chinese firm, Golden Horse Company Limited, has commenced the manufacture of electric meters in Nigeria following the approval of its application by the National Electricity Regulatory Commission (NERC). This was stated in Abuja by Mr. Mathew Uwaekwe, the National Co-ordinator, Nigeria-China Business Council. He said the company has since commenced production of the meters, and expressed the confidence that jobs will not only be created but that it would save the country millions in foreign exchange that could have been used for the importation of meters.

Ecobank Nigeria Virtual Trade Conference Set for Sept 22

Ecobank Nigeria, a member of the pan African banking Group has concluded...

CBN: Banks Must Resolve USSD Disputes in 3 Days

The Central Bank of Nigeria (CBN) has directed all...
spot_img

Related Articles

Popular Categories

spot_imgspot_img