See Lists Of Banks Slams By CBN With N5.8bn Fine

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CBN Slams 4 Banks With N5.8bn Fine
The Central Bank of Nigeria (CBN) on Wednesday, August 29, imposed a fine of N5.8bn on four commercial banks for breaching Nigeria’s forex regulations on MTN’s illegal capital repatriation.
Naira Stable As CBN Injects $210Million Into Foreign Exchange

The apex bank announced the sanction in a statement issued in Abuja.
The banks are:
Standard Chartered, N2.4bn
Stanbic IBTC, N1.8bn
Citibank, N1.2bn
Diamond Bank, N0.25bn
The apex bank also asked these banks to refund the sum of $8,134,312,397.63 for what it described as “flagrant violation of extant laws and regulations of the Federal Republic of Nigeria, including the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995 of the Federal Republic of Nigeria and the Foreign Exchange Manual, 2006.”