House of Representatives yesterday stopped an attempt to compel the Federal Government spend N50 billion annually, through the Central Bank of Nigeria (CBN) as bail out fund for ailing banks.
The Bailout Fund is expected to be generated by a pool of contributions by all the commercial banks, as well as the CBN, from where bail outs could be drawn for banks in critical financial condition.
Full Story
Saturday, 30 July 2011
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment