11

Jan

President Buhari appoints new Board for NDIC

President Buhari has approved the reconstitution of the Board of the Nigeria Deposit Insurance Corporation (NDIC). He has also approved the appointment of some new members and reappointment of some existing members to the Board. The board has five members whose membership is by virtue of institutional or Office representation in line with the provision of Section […]

11

Jan

GT Bank reaches settlement with UK Financial Conduct Authority

Guaranty Trust Bank United Kingdom Limited has reached a settlement with the UK Financial Conduct Authority, accepting findings in relation to historical anti-money laundering controls in its operations between October 2014 and July 2019. The Bank has agreed a penalty sum of £7.67 million, which has been calculated by reference to a proportion of the revenues of GTBank[…]