fine

CBN fines Sterling Bank N218m

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CBN fines Sterling Bank N218m

The Central Bank of Nigeria (CBN) has fined Sterling Bank  N218 million for breaching nine regulations. This was revealed by the company’s annual financial statement for the period of 2022, released on Wednesday. According to RIPPLES NIGERIA, CBN fined Sterling Bank N62 million as payment for an infraction by defaulting bank under Nigeria Electricity Market … Read more

UBA, three other banks pay N1.38bn fine for money laundering

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UBA, three other banks pay N1.38bn fine for money laundering

The United Bank for Africa (UBA) Plc and three other banks have paid a fine to the tune of N1.38 billion. ICIR reports that the fine was for breaching the anti-money laundering requirements and other offences during the 2022 financial year.Information Guide Nigeria This information was disclosed in the banks’ audited financial statements for the … Read more