conversion of currency in a foreign exchange transaction can be performed through buying or selling of goods and services on credit; borrowing or lending funds.
A foreign exchange transaction is usually carried out in foreign exchange markets. An example of a foreign exchange transaction is where a person buys dollars and sells pounds.
In a move to end financial irregularities,
The banks, whose suspension would remain in force until they remit all the funds to the TSA are:
United Bank for Africa (UBA) $530m;
First Bank of Nigeria (FBN) $469m;
Diamond Bank Plc ($287m);
Sterling Bank Plc ($269m);
Sky Bank Plc ($221m);
Fidelity Bank ($209m);
Keystone Bank ($139);
First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).
and Heritage Bank-$85m
Edeson Online News gathered that further disciplinary actions awaits the erring banks after remitting the funds in full to the government’s coffers.
......
...............
PLEASE FOLLOW: @EndyEdesonNews
Edited by: Endy Edeson
Photo News Editor: Endy Edeson
...............
Read More News Stories on my News Blog
www.EndyEdesonN
...,,,,,,,,,,,,
**Visit My Technology Blog**
For Business Tips, Career Tips, Motivation and lots more
www.EdesonInfoT
..
#CBN #TSA #CrimeNews #BankingSector #Banks #NigerianBanks #FinancialInstit
..
CLICK HERE TO COMMENT ON THIS POST ON EDESON NEWS FACEBOOK PAGE
FACEBOOK COMMENTS
Johnson Ahile
CBN is dong their job now
Commzy James
not my biz
Ehis Perpetual Anolu
Wow
...