WELCOME TO NAIJAFINIX.COM


CBN Fines: NSE Reviews Stanbic IBTC, Diamond Bank Corporate Governance

ADVERTISE HERE

ADVERTISE HERE

There are indications that the Nigerian Stock Exchange (NSE) and other stakeholders have launched an engagement process to review the compliance of Stanbic IBTC Holdings Plc and Diamond Bank Plc to high-level corporate governance standards expected of quoted companies.

The review following the fines imposed on Stanbic IBTC Bank and Diamond Bank by the Central Bank of Nigeria (CBN) along with two other unquoted banks (Standard Chartered Bank and Citibank) for complicity in alleged illegal repatriation of $8.1 billion by MTN Nigeria Communications Limited.

Gwagwalada View:- Diamond Bank

However, attempt to confirm from the Exchange on review of the corporate governance status of both banks proved abortive as text message sent to the image maker of the NSE was not responded as at press time.

Stanbic IBTC Holdings Plc, the parent company of Stanbic IBTC Bank, and Diamond Bank were among 35 companies that were awarded the Corporate Governance Rating System (CGRS) certification in February 2018.

ADVERTISE HERE

CLICK HERE TO COMMENT ON THIS POST

Leave a Reply

Your email address will not be published. Required fields are marked *

"Naijafinix Next Rated - HOW TO BILL A MAN"

 

SEE MORE VIDEOS HERE

NAIJAFINIX TOP 10 SONGS

"Money & Love"
Wizkid

"Xtra Cool"
Young Jonn

"Philo"
Bella Shmurda Ft. Omah Lay

"2 Sugar"
Wizkid Ft. Ayra Starr

"Bad To Me"
Wizkid

"Cough"
Kizz Daniel Ft. Empire

"Joha"
Asake

"Electricity"
Pheelz Ft. Davido

"Soweto"
Victony Ft Tempoe

"Safe Haven"
Omah Lay
For Any Song of Your Choice CLICK HERE

GO BACK TO THE TOP

ADVERTISE HERE