HomeCategory News

CBN

The Central Bank of Nigeria (CBN) has issued new guidelines for the Licensing of Banks and Other Financial Institutions on Anti- Money Laundering, Combating the Financing of Terrorism and Countering Proliferation of Weapons of Mass Destruction Financing (AML/CFT/ CPF).

startupact

The Nigeria Startup Act is a legal and institutional framework for the development of startups in Nigeria by providing an enabling environment for the establishment, development, and operation of startups in Nigeria,

Nigerian-Senate456-780x405-1
Frame 24 (4)

The bill seeks to authorize the issue of the total sum of ₦13,082,420,568,233 (Thirteen Trillion, Eighty-Two Billion, Four Hundred and Twenty Million, Five Hundred and Sixty-Eight Thousand, Two Hundred and Thirty-Three Naira) only from the Consolidated Revenue Fund of the Federation, of which:

Nigerian-senate-1-640x360
Frame 24 (7)

The bill seeks to allow creditor banks to track the account(s) of loan defaulters through their Bank Verification Number (BVN) and recover past and due obligation without recourse to the borrower. The bill empowers banks to deduct money from the account of loan defaulters.

852b Bishop Aboyade Cole St, Victoria Island, Lagos
Block C Terrace 3, CT3, Lobito Crescent, Stallion Estate, Wuse II, Abuja
77B Woji Road, GRA Phase II, Port Harcourt
info@sskohn.com

GET IN TOUCH WITH US

JOIN OUR MAILING LIST

    Follow us: