Finance Series

CBN’s New Global Standing Instruction Guidelines

A creditor bank can recover the principal sum, which is the loan amount or the total sum granted or disbursed to the borrower, as well as the accrued interest on the loan, stated in the loan agreement.

By |2020-08-13T21:05:25+01:00August 6th, 2020|Finance Series, Business And Corporate Law|0 Comments

THE FREEZING OF BANK ACCOUNTS WITHOUT BVN

Nigeria is currently abuzz with the news that the Federal High Court has granted the Federal Government an interim order directing commercial banks to freeze any and all bank accounts without Bank Verification Numbers (BVN) including individuals, corporate bodies and government agencies and publish the names and details of the customers

By |2019-09-17T17:21:57+01:00July 29th, 2019|Finance Series|0 Comments