Fidelity Bank, FCMB, Access Bank and Stanbic IBTC Bank, Senate releases names of banks and amount “hidden” in them. The Senate has exposed N14.7 billion proceeds of defunct Power Holding Company of Nigeria privatisation hidden in commercial banks by the Bureau of Public Enterprise. Platforms Africa reports that the Senate Public Accounts Committee, chaired by Senator Matthew Urhoghide, relied on the 2017 Auditor General’s report to unravel the hidden fund in commercial banks as at December 31, 2016, whereas the privatisation of PHCN had been concluded since 2013. READ…
Read MoreN14.7bn Realised From PHCN Sale ‘Hidden’ in 4 Banks — Senate + NAMES
