CBN Announces New Electronic Payment Sanctions On Banks, Others

The Central Bank of Nigeria has announced a series of new sanctions that will be meted out to deposit money banks, mobile money operators, payment solution service providers and other financial institutions for electronic payment infractions. The CBN, on Tuesday, issued the ‘Regulations on Electronic Payments and Collections for Public and Private Sectors in Nigeria’, […]

Ekiti Pensioners Lament Hardship Over Unpaid N20b Gratuities, Pensions

By John Abiodun Ado-Ekiti, (An24)- Pensioners in Ekiti State on Thursday lamented that their neglect by the state government has inflicted untold hardship on them and has as well resulted in untimely deaths of many of them. The pensioners,who called on Governor Ayo Fayose to pay arrears of gratuities and monthly pensions, which they alleged […]

Banks Storm Osun House Of Assembly; Insist Govt Used Bailout For Salaries, Pensions

Recipient banks of the bailout fund given to Osun State Government have declared that the fund was strictly used for payment of arrears of salaries, allowances and pensions in line with the Central Bank of Nigeria’s (CBN’s) guidelines. This was as the Accountant General of the State said that the Labour leaders said that the […]