Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Thursday, August 30, 2018 / 08:40 AM / NSE
Stanbic IBTC Holdings PLC (a member of Standard Bank Group) has been informed by its banking subsidiary – Stanbic IBTC Bank PLC (the “Bank”) that penalties have been imposed on the Bank by the Central Bank of Nigeria (CBN) pursuant to a review of transactions relating to the remittance of foreign exchange on the basis of certain “irregular” capital importation certificates issued to MTN Nigeria Communications Limited.
The
Bank is holding further engagements with the CBN, in relation to the issues it
has raised. Please be assured that the above does not impact on your ability to
continue to conduct your various business and corporate transactions with
Stanbic IBTC Holdings or any of its subsidiaries, including the Bank.
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