Reekado Banks News, Photos and Videos

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  • 'Stop implementation' – CBN Sends Messages To All Banks On Cybersecurity Levy

    . 'Stop implementation' – CBN Sends Messages To All Banks On Cybersecurity Levy

     Central Bank of Nigeria, CBN, has asked all banks to stop the implementation of a 0.5 per cent cybersecurity levy after President Bola Ahmed Tinubu’s directive on its suspension.The withdrawal was disclosed in a notice dated May 17, 2024, signed by Chibuzo Efobi, CBN’s director of Payment System Management, and Haruna Mustapha, the Director of
  • VIDEO: Singer, Reekado Banks Shows Off His Pending Multimillion Naira Project

    . VIDEO: Singer, Reekado Banks Shows Off His Pending Multimillion Naira Project

     Nigerian singer Reekado Banks has left social media users stunned with his ongoing multimillion-naira projectReekado Banks displays his pending multimillion naira projectIn a recent Instagram post, he shared a video flaunting his impressive project, still under construction.The video features Reekado Banks inspecting the property alongside a compa
  • EFCC Warns Banks Against Unauthorized Disclosure Of Information To Customers

    . EFCC Warns Banks Against Unauthorized Disclosure Of Information To Customers

     The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to compliance officers in banks across Nigeria, urging them to refrain from disclosing unauthorized information regarding the EFCC's investigative activities and requests made to their customers.The declaration came from the Executive Chairman of the commission, Ol
  • UPDATE: CBN Releases List Of Licensed Deposit Money Banks In Nigeria

    . UPDATE: CBN Releases List Of Licensed Deposit Money Banks In Nigeria

     The Central Bank of Nigeria has released a list of 44 licensed deposit money banks in Nigeria. The apex bank made this public in a post released on its official website on Tuesday. According to CBN, Seven banks, including Zenith Bank, Access Bank, First Bank, First City Monument Bank, United Bank of Africa, Fidelity, and Guaranty Trust Bank, have
  • NIMC Partners With Banks For Seamless Process For The New National ID Card Distribution

    . NIMC Partners With Banks For Seamless Process For The New National ID Card Distribution

     In a move aimed at enhancing efficiency and convenience, the National Identity Management Commission (NIMC) has announced a groundbreaking initiative for the distribution of the upcoming national ID card. The commission revealed that the distribution process will now be handled through individuals' banks, revolutionizing how Nigerians access
  • CBN Prohibits Foreign Currency Collateral For Naira Loans, Banks Given 90 Days To Comply

    . CBN Prohibits Foreign Currency Collateral For Naira Loans, Banks Given 90 Days To Comply

     The Central Bank of Nigeria (CBN) has instituted a significant policy shift, barring Deposit Money Banks (DMBs) from accepting foreign currency-denominated collateral to secure naira loans. This directive, conveyed through a letter signed by Adetona Adedeji, the acting Director of the Banking Supervision Department, seeks to reshape lending practi
  • CBN Sets New Minimum Capital Requirements For Banks At N500 billion

    . CBN Sets New Minimum Capital Requirements For Banks At N500 billion

     The Central Bank of Nigeria (CBN) has introduced revised minimum capital requirements for banks, stipulating a minimum capital base of ₦500 billion for commercial banks with international authorization.In a circular addressed to all commercial, merchant, and non-interest banks, as well as promoters of proposed banks, the Director of the Financia
  • BREAKING! CBN Increases Capital Base For Commercial Banks

    . BREAKING! CBN Increases Capital Base For Commercial Banks

     The Central Bank of Nigeria (CBN) has raised the capital base for commercial banks with international authorisation to N500bn and national banks to N200bn.CBN confirmed this on Thursday, in a statement signed by its Acting Director, Corporate Communications, Sidi Ali.The apex bank’s move mandates substantial increases in the minimum capital base
  • Singer Reekado Banks Argues Music Money Is Bigger Than Football Money After He Buys 16 Houses At Once

    . Singer Reekado Banks Argues Music Money Is Bigger Than Football Money After He Buys 16 Houses At Once

     Popular Nigerian singer Reekado Banks has set tongues wagging by reportedly purchasing 16 houses all at once.The former Mavin Records artist took to social media to share a glimpse of his latest acquisition, showcasing a sprawling mansion still under construction.According to the 30-year-old singer, the significant investment was not just about ow
  • BREAKING: CBN Directs Banks, Authorised Dealers To Use Reviewed Circulars, Guidelines

    . BREAKING: CBN Directs Banks, Authorised Dealers To Use Reviewed Circulars, Guidelines

     The Central Bank of Nigeria (CBN) has instructed Deposit Money Banks (DMBs), Licensed Non-interest banks, and other authorized dealers utilizing its discount window to adhere to new (revised) circulars and guidelines.CBN gave this directive due to its discovery that some old circulars and guidelines are still being used despite being replaced by n
  • VIDEO: Two Person Killed As Gunmen Attack Multiple Banks In Kogi

    . VIDEO: Two Person Killed As Gunmen Attack Multiple Banks In Kogi

     Unknown gunmen, on Thursday, attacked several banks in the busy town of Aiyingba, Kogi State.According to a now viral video, residents and motorists were seen running for safety as gunshots rented the air.Security personnel were also seen exchanging gunfire with the armed robbers.It was gathered that the affected banks include First Bank, Union Ba
  • VIDEO: Heavily Armed Robbers Attack Two Commercial Banks in Kogi

    . VIDEO: Heavily Armed Robbers Attack Two Commercial Banks in Kogi

     A group of notorious armed robbers att@cked two commercial banks in Anyingba, Dekina Local Government Area of Kogi state on Thursday, March 7. The robbers stormed the banks, shooting sporadically into the air.Security operatives however swiftly swung into action and engaged the criminals in a serious gun battle.Efforts to reach the State Command o
  • Don Jazzy Changed My Life, I Left Mavin Records Amicably - Singer, Reekado Banks Reveals

    . Don Jazzy Changed My Life, I Left Mavin Records Amicably - Singer, Reekado Banks Reveals

     Oftentimes in the Nigerian music industry, when artists leave their record labels, it's over irreconcilable differences.Reekado Banks is however one of the exceptions to this norm as he shares that he left Mavin Records on an amicable note.While appearing in an interview with media personality Daddy Freeze, Reekado was asked by the veteran OA
  • EFCC Reveals How 70 Percent Of Financial Crimes In Nigeria Are Connected To Banks

    . EFCC Reveals How 70 Percent Of Financial Crimes In Nigeria Are Connected To Banks

     The Economic and Financial Crimes Commission (EFCC) has disclosed that approximately 70 percent of financial crimes in Nigeria are linked to banks.Ola Olukoyede, the Chairman of the anti-graft agency, revealed this during his address at the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria, he
  • Jubilation As CBN Orders Banks To Pay Customers Money Sent From Abroad In Naira

    . Jubilation As CBN Orders Banks To Pay Customers Money Sent From Abroad In Naira

     Nigerian banks have begun full implementation of the Central Bank of Nigeria’s revised guidelines on international money transfer operations in the country.CBN had on Wednesday, January 31, issued the revised guidelines on international money transfers which halted the payment of dollars to customers, among others.This means that Nigerians who r
  • VIDEO: Charly Boy Admits To Scamming Banks Before The 419 Trend Gained Momentum

    . VIDEO: Charly Boy Admits To Scamming Banks Before The 419 Trend Gained Momentum

     Renowned artist, Charles Oputa, popularly known as Charly Boy, has admitted to engaging in bank scams before the notorious 419 fraud became popular in Nigeria.He disclosed this in the latest episode of The Honest Bunch Podcast, co-hosted by actor, Chinedu Ani Emmanuel, also known as Nedu. “I was scamming banks. Even before una begin hear of 419,
  • CBN Bans Banks And Fintechs From International Money Transfer Services

    . CBN Bans Banks And Fintechs From International Money Transfer Services

     The Central Bank of Nigeria (CBN) has banned banks and financial technology companies (fintechs)across the country, from offering international money transfer services.This development is outlined in the revised guidelines for the operations of International Money Transfer Operators (IMTOs), officially released on January 31, 2024.According to the
  • Isaac Fayose Tells Tinubu To Close Down Nigerians' Domiciliary Accounts In Different Banks

    . Isaac Fayose Tells Tinubu To Close Down Nigerians' Domiciliary Accounts In Different Banks

     Isaac Fayose, the brother to a former governor of Ekiti state, Ayo Fayose has asked President Tinubu to shut the domiciliary accounts of Nigerians in different banks in the country.According to him, this will solve the depreciation of the Naira against the Dollar.In a video that has gone viral, Isaac said the President should give a directive that
  • CBN Orders Banks to Sell Excess Dollars in 24 Hours in a Bid to Revive The Naira

    . CBN Orders Banks to Sell Excess Dollars in 24 Hours in a Bid to Revive The Naira

     The Central Bank of Nigeria (CBN) has instructed Deposit Money Banks to sell off their excess dollar stock by February 1, 2024.This comes amid its fresh moves to stabilise Nigeria’s volatile exchange rate.The CBN gave this order in a new circular released on Wednesday.It also warned lenders against hoarding excess foreign currencies for profit.A
  • BREAKING: CBN Dissolves Boards Of Union, Keystone, Polaris, Titan Banks

    . BREAKING: CBN Dissolves Boards Of Union, Keystone, Polaris, Titan Banks

     The Central Bank of Nigeria (CBN) has disolved the boards and management of Union Bank, Polaris Bank, Keystone Bank and Titan Trust Bank.The apex bank made the disclosure in a formal statement that was uploaded to its official X microblogging account.The statement reads, “The Central Bank of Nigeria (CBN) has disolved the boards and the managem
  • The CEOs of Zenith, Providus, & Jaiz Banks Invited by EFCC Over Betta Edu's Fraud Case

    . The CEOs of Zenith, Providus, & Jaiz Banks Invited by EFCC Over Betta Edu's Fraud Case
  • No Cause For Alarm, Your Funds Are Safe In Banks, CBN Assures Depositors

    . No Cause For Alarm, Your Funds Are Safe In Banks, CBN Assures Depositors

     The Central Bank of Nigeria, CBN, says there is no need for  Nigerian depositors  to panic over the safety of their funds in any bank.The apex bank gave this assurance in a press statement signed by its Acting Director, Corporate Communication, Mrs. Sidi-Ali Hakama, said: “The CBN has noticed reports, in certain media outlets, about a
  • CBN Investigator Vows FG Will Recover Two Banks Illegally Sold To Emefiele

    . CBN Investigator Vows FG Will Recover Two Banks Illegally Sold To Emefiele

     Jim Obazee, President Bola Ahmed Tinubu’s investigator probing the Central Bank of Nigeria, CBN, has revealed that the government is on the verge of recovering two banks illegally sold to former CBN governor, Godwin Emefiele.According to the report, Emefiele used proxies to acquire Union Bank of Nigeria for Titan Trust Bank Limited and Keystone
  • CBN Threatens To Sanction Banks, PoS Operators Disrupting Circulation Of Naira

    . CBN Threatens To Sanction Banks, PoS Operators Disrupting Circulation Of Naira

    The Central Bank of Nigeria (CBN), on Thursday, disclosed there is a collusion between some Deposit Money Banks and Point of Sale (PoS) operators that is hindering the availability of cash and disrupting the seamless circulation of the Naira.The apex bank via a statement by its acting Director of Communication and Public Relations, Sidi Ali, furth
  • Photos And Video Of Banks Attacked By Armed Robbers In Ekiti

    .. Photos And Video Of Banks Attacked By Armed Robbers In Ekiti

    Suspected armed robbers attacked two banks in Ikere, Ekiti state today December 13. According to reports, the armed robbers during the attack left some persons injured and carted away some money. It is unclear if there were any casualties.The state police command is yet to comment on this development. [html]
  • Nigerian Lady In Shock After Breaking Her Piggy Banks To Find Just N20, N50 (Video)

    . Nigerian Lady In Shock After Breaking Her Piggy Banks To Find Just N20, N50 (Video)

     A Nigerian lady has been left heartbroken after she broke her both piggy banks only to find N20 and N50 naira inside after months of saving.In the video which she shared on her social media page, the lady claimed that she had saved an estimated amount of 300K at the very least and it was a surprise for her to see the small denominations inside.She
  • Singer Reekado Banks Spotted Stepping Out on a Date With Mystery Lady

    . Singer Reekado Banks Spotted Stepping Out on a Date With Mystery Lady

     Nigerian artist Reekado Banks has recently been at the center of dating rumors following a video showing him with an unidentified lady. The lady, who was dressed in a revealing two-piece outfit, was seen holding hands with Reekado Banks at various points during the night.Her appearance, including a back tattoo and a long luxurious wig, has caught
  • UPDATE: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry

    . UPDATE: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry

     Residents of Lagos, Abuja, Kano, Katsina, Jigawa and Adamawa and in other parts of the country are expressing concerns over their inability to withdraw huge cash in their banks, raising fears of scarcity as experienced during the naira swap.This has also affected business transactions in local markets, especially in the northern part of Nigeria wh
  • Akwa Ibom Govt Shuts Down 3 Banks Over Failure to Remit N228.6m Debt

    . Akwa Ibom Govt Shuts Down 3 Banks Over Failure to Remit N228.6m Debt

     Three banks have been closed by the Internal Revenue Service of Akwa Ibom State for allegedly failing to pay N228.6 million in overdue taxes to the state government.In response to a Notice of Distraint issued by the Akwa Ibom State High Court, Eket Judicial Division, the banks were closed on Thursday during an exercise carried out by the board’s
  • Otukpo Robbery: CBN Directs Banks To Open From 8am To 2pm In Benue

    . Otukpo Robbery: CBN Directs Banks To Open From 8am To 2pm In Benue

     The Central Bank of Nigeria,CBN, has put precautionary measures in place against future attacks on commercial banks in Benue State. The development followed the attack on some banks in Otukpo town, Benue State, by armed robbers on Friday, October 20, 2023. The CBN took the measures at an emergency meeting with the management of the affected banks

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