Categories: Nigeria News

Polaris, Ecobank, Access sealed in Borno

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.

Treasure Orokpo

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

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