Home » Headline » CBN hits UBA, GTBank,others with N3.2b fines
CBN hits UBA, GTBank,others with N3.2b fines
CBN Governor, Godwin Emefiele

CBN hits UBA, GTBank,others with N3.2b fines

The Central Bank of Nigeria has imposed a total fine of N3.2bn on United Bank for Africa Plc, Zenith Bank Plc, Guaranty Trust Bank Plc, and Sterling Bank Plc for committing various kinds of regulatory infractions.

The offences, which were committed during the 2015 financial year, were contained in the annual reports of the affected banks, copies of which were obtained by our correspondent on Friday.

UBA had the highest fine among the four banks, paying the sum of N2.969bn as penalty to the CBN for committing eight offences.

 

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