Tag Archives: Committee on Banking and Currency

The House of Representatives on Tuesday urged the Central Bank of Nigeria to reinforce the use of coins as a legal tender and ensure that Banks comply with the use of coins to the fullest. This is sequel to the adoption of a motion moved by Muda Umar from Bauchi at plenary. …

In an effort to reduce insider fraud in the Nigerian banking system, the House of Representatives is proposing a 20-year jail term for fraudulent bank employees. This is contained in a Bill for an Act to Amend the Bank Employees etc. (Declaration of Assets) Act, Cap. BI, Laws of the Federation …