The Borno State Government on Thursday clamped down on commercial banks operating in Maiduguri that failed to update their documents.
ALSO READ: Nigerians share their regrets banking with Access Bank, angry customers close accounts
The News Agency of Nigeria reports that the enforcement team from Borno Geographic Information Service, BOGIS, sealed branches of four banks, comprising Polaris, Ecobank and Access for defaulting.
Speaking to newsmen on the exercise, the Executive Secretary of BOGIS, Adam Bababe, said the affected banks had been given sufficient notice to perfect their documents and pay outstanding ground rents, but they failed to comply.
Mr Bababe explained that the banks would remain closed until they did the needful.
“We are conducting the exercise in segments; we started with filling stations, property of NGOs and now the banks.
“We want to ensure that they adhere to regulations.
“Government also need revenue and to update its record in order to have a vibrant database of all structures in Borno,” Mr Bababe said.
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…
Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…
The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…
The black market dollar to naira exchange rate for today, 22nd December 2024, can be…
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…
Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…