Bar. Bello Mahmud: The New Registrar General for CAC

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altThe Board of Corporate Affairs Commission has approved the appointment of Mr. Bello Mahmud as the new Registrar-General for the agency.
The Chairman of the Board of the commission, Barrister Jimoh Ibrahim made the announcement in line with Section 8 of the Company and Allied Matters Act No.1 of 1990 and the due process policy of the Federal Government of Nigeria. The government has also communicated a no objection letter to the independent decision of the Governing Board.

Major Debtors of Afribank

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altAFRIBANK PLC 

MAJOR DEBTORS AS AT MAY 31, 2009

 

KOLVEY COMPANY LIMITED                                                  16,500,000,000.00

SULIEMAN IBRAHIM, AISHA USMAN, HABATUN M.A

 

REHOBOTH ASSETS LTD                                                       15,000,000,000.00

CHUDI AJAEGBU, CHIAMAKA AJAEGBU, TOCHI NAOMI

AJAEGBU, EKENE AJAEGBU, JOSEPHINE AJAEGBU

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

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altFEDERAL MORTGAGE BANK OF NIGERIA PMB 2273, Central Business District, Abuja

  LIST OF BAD DEBTORS

Following several demand notices and in line with the ongoing sanitization in the banking industry, it has become necessary to request the following under-listed defaulting customers of the Federal Mortgage Bank of Nigeria (FMBN) to regularize their accounts within (21) days following the publication of this advertorial.

NEMA@10: The Story So Far

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altINTRODUCTION

The National Emergency Management Agency (NEMA) was established via Act 12 as amended by Act 50 of 1999, to manage disasters in Nigeria. The establishment of NEMA about ten years ago usher in a new dawn in disaster management from the hitherto narrow practice of relief distribution.

 Bracing up to the challenges of its given mandates, efforts were continuously made in putting together the necessary structures and sustained refocusing of programmes towards efficient and effective disaster management in the country.

 

Questions & Answers : Examination of 14 Banks

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Q: If the bulk of the problem had been dealt with in the first examination of 10 banks, why bother to extend it to the other 14 banks? alt
A:
Yes, the bulk of the problem was dealt with in the first round. But expanding the examination to the remaining 14 banks is not only the fair thing to do; it is also the proper thing to do. It is important to examine the state of health of all the 24 banks operating in the country and address the problem in its entirety. Now that this has been done, the thick air of doubt and distrust that previously hanged over the banking industry in Nigeria has been cleared. This is good not only for the industry but also for the economy and the country as a whole.