“Which kind play be this?” Nigerians react, demand probe of those found guilty Directors and key management personnel of Deposit Money Banks borrowed about N549bn from their financial institutions in five years. This is according to an analysis of the banks’ annual reports filed with the Nigerian Exchange Limited between 2019 and 2023. However, the banks’ loans and advances to some directors and key management personnel as well as related party transactions dropped significantly in 2023, a report by The PUNCH showed. These transactions dropped to N52.40bn for eight…
Read MoreNigerian Bank Managers ‘Borrowed’ N549bn From Depositors’ Accounts
