• ‘Reasons why we hid NNPC’s dollars’ – FirstBank, Fidelity, Keystone explain

    ‘Reasons why we hid NNPC’s dollars’ – FirstBank, Fidelity, Keystone explain

    Some Nigerian banks on Wednesday clarified their positions on the alleged suspension from the foreign exchange market transaction by the Central Bank of Nigeria (CBN) over alleged non-remittance of the NNPC dollar deposits.

    The affected banks expressed their stance in statements and e-mails to customers on Wednesday in Lagos.

    The banks include the FirstBank Ltd., Fidelity, Keystone and Heritage.

    FirstBank in a statement, said that the referenced NNPC dollar accounts were fully disclosed to the CBN.

    It said that accounts were being operated in […]