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Central Bank of Nigeria Fines MTN $8 Billion, Four Banks N5.8 Billion for 'illegal' Practices

The Central Bank of Nigeria (CBN) has ordered four banks to pay a total sum of N5.87 billion for allegedly issuing irregular certificates of capital importation (CCIs) on behalf of some offshore investors of MTN Nigeria Communications Limited.

Central Bank of Nigeria Fines MTN $8 Billion, Four Banks N5.8 Billion for 'illegal' Practices
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