Seven Deposit Money Banks paid a total of N1,088,334,000 as fines to the Central Bank of Nigeria, Securities and Exchange Commission, National Insurance Commission, Pension Commission and others in the 2022 financial, according to findings. This was disclosed in the financial statements of the banks for the year 2022, which were filed on the Nigerian Exchange Limited. The financial services firms included in this report are Access Holdings Plc, Wema Bank Plc, Union Bank of Nigeria, Guaranty Trust Holding Company, FCMB Group Plc, Fidelity Bank Plc, and Stanbic IBTC Holdings.…
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