If implemented by commercial banks, this development will see Nigerians add their social media accounts to their bank details.
“Subsidy of fuel is no longer unsustainable as the FG is virtually broke. Apart from its N77 trillion debt, it also owes the NNPC Limited about N2.4 trillion.”
The development was announced after an extraordinary Bankers’ Committee meeting held to discuss the implementation and implications of the policy changes for the banking public.
EFCC, under Mr Bawa, “had become a toothless bulldog running after the so-called ‘Yahoo boys’ and ignoring those who have committed monumental economic sabotage.”
The unification of exchange rates should not be a one-step process but should be implemented over a period of time, however short it may be.
Godwin Emefiele was arrested on Friday.
The ousted central bank chief was arrested “for some investigative reasons,” the domestic intelligence office said in a statement Saturday afternoon.
The expert said Mr Emefiele’s removal will “positively impact the capital and foreign exchange markets, where he maintained multiple exchange rates.
The dismissal was announced on Friday.
“The award was given in recognition of the executive chairman’s dedication and support in achieving SERVICOM’s vision and mission.”
