Thursday, 13 October 2016

Not a bank in Nigeria is undercapitalised – CBN

The Central Bank of Nigeria (CBN) has said that there is no truth in a report that seven Nigerian banks are undercapitalised.
The Director, Banking Supervision, Mrs Tokunbo Martins, told journalists at the end of the Bankers Committee Meeting in Lagos on Wednesday that there was no truth in the report.
A Dubai-based International Investment Bank, Arqaam Capital, had reported that seven Nigerian banks were undercapitalised to the tune of N1tn about 3.2 billion dollars.
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