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CBN indicts banks over pension scam

28 May 2012, 13:18

Abuja -The Central Bank of Nigeria has found that some banks actually breached the apex bank’s Know Your Customer (KYC) guideline in the pension scam, BusinessDay reveals.

The apex bank would soon announce the appropriate sanctions on the banks in line with provisions outlined in the appropriate laws as had earlier announced.

The CBN governor, Lamido Sanusi had assured that the banks were being examined and that any bank found culpable in the scam would be dealt with.

See details: BusinessDay


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