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CBN managers may exit ‘troubled’ banks September

…apex bank insists intervention is temporary The Central Bank of Nigeria (CBN) appointed managers in the eight ‘troubled’ banks may be pulled out of the banks’ management team by September, this year, if plans already put in motion work out. Mohammed Abdullahi, spokesman of the central bank has insisted that intervention by the apex bank is temporary and that the CBN has no intention of staying longer than necessary. Concerns were raised in some quarters on a possible extension of the exit date ...
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Added April 29, 2010
from Businessday Nigeria