Wednesday, 24 August 2016

Here are Lists of Banks CBN barred but UBA claims to have remitted all NNPC,NLNG dollar deposits

The Central Bank of Nigeria CBN yesterday barred

Here are the lists of  9 commercial banks from participating in Foreign Exchange transactions, a statement which was released yesterday by the CBN. The banks were suspended for failing to remit funds from NNPC into the Treasury Single Account TSA.
suspended banks and how much they failed to remit below:
- United Bank for Africa (UBA) -$530m
- First Bank of Nigeria (FBN)- $469m
- Diamond Bank Plc-$287m 
- Sterling Bank Plc-$269m 
- Skye Bank Plc -$221m
 -Fidelity Bank -$209m 
- Keystone Bank- $139 
- First City Monument Bank (FCMB) -$125m
Below is a statement from UBA saying they have remitted all NNPC,NLNG dollar deposits

In a press statement issued Tuesday night, UBA stated that: “Our attention has been drawn to report of the ban of UBA from the foreign exchange market by the CBN over the non-remittance of NNPC/NLNG dollar deposits.” The bank’s corporate communications head, Charles Aigbe, who signed the statement added: “We wish to state very categorically that UBA has completely remitted all NNPC/NLNG dollar deposits. “We thank all our numerous customers, business partners and other stakeholders who have reached out to us on account of this report.”


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