CBN Recovers N65b From Commercial Banks Over Wrong Deductions.


N65b have been allegedly recovered from the commercial banks in Nigeria over Wrong deductions by the Central Bank .

The Central Bank which serves as a watch  to other commercial banks has recently reiterated the need to cut down wrong deductions from their customers.

The Central Bank stated it’s new law to arrest an prosecute those Hawking the Naira Notes in the  streets of the country.

They further stated that Hawking and selling the Naira note on the street is a criminal  offence and punishable under CBN Act of 2007.and by so, any individual or bank staff caught would be made to face the law.

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