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Nairaland Forum / Nairaland / General / Business / CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB (19455 Views)
Cbn Takeover: Bankphb, Afribank, Spring Bank Couldn’t Meet Requirements / Safety Of My Money In Afribank And Others / Bank Phb, Spring Bank And Etb Mds & Eds Axed By Cbn - New Mds Appointed! (2) (3) (4)
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CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by Donmeca(m): 7:44pm On Aug 05, 2011 |
Yes! U read right. . .Central Bank has revoked the licenses of Afribank Nigeria Plc, Spring Bank Plc, Bank PHB. Just saw it on 234Next Facebook page. More details out soon. http://www.facebook.com/pages/234NEXTcom/114689570833 But my question is; Is it September 30 yet? |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by naso2(m): 7:50pm On Aug 05, 2011 |
This useless SLS just dey cause confusion everywhere. This is pure BOKO haram financial management. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by Nobody: 7:53pm On Aug 05, 2011 |
jobs |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by Donmeca(m): 7:57pm On Aug 05, 2011 |
^^^ my exact concern. . .jobs, crime. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by Rhino5dm: 7:59pm On Aug 05, 2011 |
Intresting . . .hmm. * what is it this time around ? |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by MissEZ(f): 8:04pm On Aug 05, 2011 |
Is this confirmed? onto wetin now? kai the masses don suffer for naija o. Wonder how many jobs will be lost? Hope they put in measures to ensure that people keep their jobs |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by otokx(m): 8:05pm On Aug 05, 2011 |
Just heard it on AIT as a headline news and came over here; thought the deadline was September 30th? |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by homerac7: 8:10pm On Aug 05, 2011 |
"Nationalized" is d language used by d finance minister. New names r Mainstreet Bank Ltd., Keystone Bank Ltd., and Enterprise Bank Ltd. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by paraphase(m): 8:11pm On Aug 05, 2011 |
Assets and liabilities of Springbank , Afribank and Bank PHB have been transferred to newly formed bridge banks, in the interest of depositors and to prevent possible liquidations |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by otokx(m): 8:13pm On Aug 05, 2011 |
Which one is bridge banks? |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by Afam4eva(m): 8:18pm On Aug 05, 2011 |
God have mercy. The tryrant, Sanusi is at it again. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by dayokanu(m): 8:18pm On Aug 05, 2011 |
This is serious |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by nigerhead(m): 8:22pm On Aug 05, 2011 |
so what are the implications and consequences? anybody tht knows something about watz going on? |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by otokx(m): 8:22pm On Aug 05, 2011 |
Someone said it was the FINANCE minister that announced it so how does SANUSI come into the picture |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by ikooko(m): 8:25pm On Aug 05, 2011 |
Ha ha ha ha ha new vocabularies are being added to nigerian banking industry on daily basis. If old company dies, new one take over but bridge bank, never heard of it. can someone educate me? Maybe america has introduced it and it's working like SLS proposed bank. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by Nobody: 8:28pm On Aug 05, 2011 |
Sanusi is worst cbn governor in nigeria.there must be another way.thousands would be jobless now. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by Gbenge77(m): 8:29pm On Aug 05, 2011 |
Speculations had been rife that the CBN was going to revoke the licences of certain banks.As it turns out;Sanusi wields the big stick |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by ikooko(m): 8:37pm On Aug 05, 2011 |
Am yet to get full details but if truely this was announced by finance minister, i'll want to know what business finance minister has with revocation of bank licence. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by otokx(m): 8:40pm On Aug 05, 2011 |
we have not yet finished with mustapha the magician now we are entering banking confusion; this FG people have a lot of items on the distraction menu. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by musiwa48: 8:42pm On Aug 05, 2011 |
explain more |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by manny4life(m): 8:46pm On Aug 05, 2011 |
This man is "BENT ON" ruining Nigerian economy before he steps down, I still wonder what the so-called legislative body is doing |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by 2bosun: 8:47pm On Aug 05, 2011 |
I think it was done partly in response to the turmoil going on around the world markets. I think what the CBN is trying to do is stem the tide by stepping in before the turmoil reaches these banks and a situation where they will collapse. These banks obviously haven't got the ability to meet the capital requirements set by the CBN. Tactical move, done on a Friday night to prevent quick-fire sales in NSE, which could crash the markets again. I'm sure as the weekend unfold, the CBN would make statements in an attempt to calm the market before they re-open on Monday. ikooko: A bridge bank is just a temporary bank where all the assets are transferred until the assets and debts can be sold to other operators in the sector- It's nothing new- and yes America started it. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by Richtalk: 8:48pm On Aug 05, 2011 |
Lagos (WorldStage Newsonline)-- The Nigeria Deposit Insurance Corporation (NDIC) on Friday announced revocation of the operating licenses of Afribank Nigeria Plc, Spring Bank Plc and BankPHB on the excuse that they have not shown capacity and ability to recapitalise before the September 30 deadline. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by denzel2009: 8:51pm On Aug 05, 2011 |
is it true Ecobank is taking over Oceanic? |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by eghost247(m): 8:52pm On Aug 05, 2011 |
Hmm bank Phb Pat whats going on |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by oderemo(m): 8:57pm On Aug 05, 2011 |
can someone remind me of that bank phb advert again? |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by sirwebs(m): 9:04pm On Aug 05, 2011 |
What happens to the investors? |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by sirwebs(m): 9:06pm On Aug 05, 2011 |
ode remo: , one day cars will run on water. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by Mobinga: 9:12pm On Aug 05, 2011 |
If. Sanusi is Mad. He's not well. Mad monster. |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by friedrice1: 9:13pm On Aug 05, 2011 |
sirwebs: |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by JAkpayen(m): 9:14pm On Aug 05, 2011 |
sirwebs: One day banks will run without anybody too! lol |
Re: CBN Revokes The Licenses Of Afribank, Spring Bank And Bank PHB by OAM4J: 9:16pm On Aug 05, 2011 |
Na wa o! |
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