Central bank alerts on fraudulent loan schemes
The Central Bank of Nigeria (CBN) on Monday warned loan seekers and owners of small-scale businesses to beware of fraudulent loan offers purportedly by the Federal Government. The CBN spokesperson, Isaac Okorafor, said in a statement that the masterminds of the fraud ask their potential victims to apply for loans provided by the federal government […]
Savannah Bank remains licensed to operate
The Nigeria Deposit Insurance Corporation (NDIC) has insisted that the defunct Savannah Bank remains a bank with an operational license even though it is currently not in operation. The corporation further clarified that the bank is not presently under its purview as it has not yet been declared as a liquidated financial entity. Managing Director/Chief […]
LAPO Wins Best Microfinance Bank 2019 the 6th Time
A distinguished community bank, LAPO Micro Finance Bank Limited, has again clinched the Best Microfinance Bank of the Year Award having won it six times earlier. The microfinance bank seized the trophy which prides it as the best at the 7th annual BusinessDay Banks and other Financial Institutions Awards (BAFI) in Lagos. The Managing Director […]
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