CBN to fine bank N10m over unapproved cheque printing
Deposit Money Banks risk fines of up to N10m and the withdrawal of cheques from circulation if they engage unaccredited cheque printers, the Central Bank of Nigeria has warned. The…
N336m fraud: EFCC arraigns NRS, bank staff
The Economic and Financial Crimes Commission (EFCC) says it has arraigned a staff member of the Nigeria Revenue Service (NRS), Aliyu Umar, and a staff member of a first-generation commercial…
Tax law: Bank narrations to determine business, personal liability
BY-Damilola Aina examines how Nigeria’s planned tax reforms from 2026 will make bank transfer narrations a key factor in determining personal and business tax obligations. Using real-life scenarios and expert…