Tag: Commercial Banks

17Aug

By Osaretin BalogbanNo Comments

Law Enforcement, News, Nigeria

EFCC Recovers 1.4 Billion Naira Meant for The NHIS

The Economic and Financial Crimes Commission, EFCC, reveals that a sum of N1.4 Billion which was meant for the National Health Insurance Scheme (NHIS), has been recovered. The commission made a statement on its official Twitter page which said the sum was included in the funds that some commercial banks wrongly refused to remit to the Treasury Single Account since 2015. See Also: Osun Elections: EFCC Deploy Operatives To Checkmate Vote Buying EFCC also reveals something similar occurred on the 10th of February 2022 and a further N1.5 billion was recovered. The statement says the funds had been rightly disbursed to the NHIS on the 5th of August 2022. Source: Daily Post

Commercial Banks in Ekiti Town Shut Down Over Police Withdrawal

10Nov

By Chinedu IbeakanmaNo Comments

Economy, Finance, Nigeria, Violence, Youths

Commercial Banks in Ekiti Town Shut Down Over Police Withdrawal

Commercial banks in Ikere-Ekiti, the headquarters of Ikere Council Area of Ekiti State on Tuesday shut down operations following the alleged withdrawal of service by policemen. According to a report by The Nation, financial institutions as well as Point of Terminal(POS) outlets were under lock and key due to fear of being attacked over alleged absence of policemen. Findings also indicated that there had been no police officer in the town following the burning of two police stations and destruction of the Area Command by hoodlums during the #ENDSARS protests. The Area Command and Divisional police stations in the town were razed with vehicles as well as other vital items in the premises. Reacting to alleged withdrawal of policemen, banks in the town did not open for operation on...