Breaking News: CBN Revoke Skye Bank’s operating licence...

The Central Bank of Nigeria has just revoked Skye Bank’s operating licence. The Nigeria Deposit Insurance Corporation, NDIC created a bridge bank named Polaris Bank to assume assets and liabilities of Skye Bank.

Details soon.

CBN: Banks To Pay N10,000 Fine For Each Failed Transaction Not Reversed Within 24 Hours | Sahara Reporters

The Central Bank of Nigeria (CBN) has directed banks to pay N10,000 for each failed transaction based on customers’ complaints not reversed within 24 hours.

This was contained in a circular by the apex bank, which also noted that the same fine shall apply for issues relating to the Nigeria Interbank Settlement System Instant Payment (NIP)

Source; SAHARA REPORTER

IGP spit fire warn errant F-SARS

He said Under the reformed F-SARS, it is Now illegal for Police Officers to search Peoples phones, computers, or Check their bank account details, Any officer who disobeys this will be dismissed. – IGP Ibrahim Idris Warns FSARS. 

Nigeria Immigration promotes 1,392 officers

It was announced in a letter from the “Civil Defence, Fire, Immigration and Prisons Services Board (CDFIPB) vide CDFIPB/ADV/CONV/UPG/GEN/489/2 dated 7th September, 2018 in which the Board at its 62nd meeting approved the advancement, elevation, conversion and upgrading of the affected officers,” the spokesperson of the Interior, Amos Okpu, said in a statement sent to PREMIUM TIMES.

Mr Okpu provided the breakdown of the beneficiaries as follows:

(i). Advancement of Thirty-Seven (37) Assistant Superintendent of Immigration (2) CONPASS 08 to Assistant Superintendent .Immigration 1 CONPASS 09,

(ii). Elevation of Four Hundred (400) HND holders from Inspectors on CONPASS 07 to Senior Inspectors of Immigration on CONPASS 08 effective 08/09/2016,

(iii). Lateral Conversion of Two Hundred and Nine (209) officers from the Inspectorate Cadre to Superintendent Cadre across the ranks effective 01/01/2017,

(iv). Conversion/Upgrading of Seven Hundred and Eighty-One (781) junior personnel to the rank of Assistant Superintendent of Immigration (II) ASI2 effective 01/01/2017,

(v). Conversion of 174 Chief Immigration Assistants (CIA), holders of NCE and Ordinary National Diploma (OND) certificates to Inspectors of Immigration (II) effective 01/01/2018.

The spokesperson said “the Comptroller General of Immigration, Muhammad Babandede is elated at this development and urged beneficiaries to reciprocate government’s gesture through enhanced dedication to the service of our fatherland.”

Source;

PREMIUM TIMES.