CBN orders bank directors with bad loans to resign

CBN orders bank directors with bad loans to resign

The Central Bank of Nigeria has ordered bank directors with non-performing insider-related loans to step down immediately. Insider loans refer to loans granted by a bank to its own executives, directors, employees, major shareholders, or related parties. The directive was issued in a circular signed by the Acting Director of Banking Supervision, Adetona Adedeji, on

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