CBN to expand GSI to corporate accounts and microfinance banks – Nairametrics

cbn-to-expand-gsi-to corporate-accounts-and-microfinance-banks-–-nairametrics

The Central Bank of Nigeria says the Global Standing Instruction (GSI) would be expanded to corporate accounts and microfinance banks in the country. The Director, Banking Supervision of the CBN, Mr Haruna Mustafa, said this at the 2021 Financial Correspondents Association of Nigeria workshop in Ibadan, Oyo State on Friday. Global Standing Instruction (GSI) policy … Read more

Imagine Global Holdings: How the largest Ponzi Scheme in over a decade was perpetuated – Nairametrics

imagine-global-holdings:-how-the-largest-ponzi-scheme-in-over-a-decade-was-perpetuated-–-nairametrics

Investors looking for high yielding returns are at risk of losing billions of naira in funds invested through a local “holding company” Imagine Global Holdings Company Limited. The company was founded by Mr Bamise Samson Ajetunmobi, an ex-banker who is currently on the run. The company which claims to provide “investment banking, advisory and micro-lending … Read more

Billionaire investor, Femi Otedola now majority shareholder of FBNH – Nairametrics

billionaire-investor,-femi-otedola-now-majority-shareholder-of-fbnh-–-nairametrics

Nairametrics can reliably confirm that an entity owned by billionaire investor and charismatic personality Femi Otedola, is behind a massive mop-up of the shares of FBN Holding, one of Nigeria’s tier one banks. According to multiple sources with knowledge of the purchase, majority ownership of FBN Holding Company, owners of Nigeria’s oldest bank, First Bank, … Read more