Business
Sacked Bank CEOs Owned 60 Shops In Dubai – CBN
Central Bank of Nigeria Governor Sanusi Lamido Sanusi said on Monday that, about 60 shops in Dubai has been traced to chief executive officers of sacked banks.
He made this known at his presentation at the ninth meeting of the Honorary International Investment Council (HICC) at the Banquet Hall, Presidential Villa, Abuja.
He stated that they were not just following the money but also following the property and will stop at nothing to bring it back to the country with the support of international authorities.
Sanusi added that efforts were being put in to recover the property saying that the EFCC would arraign former CEO of Intercontinental Bank, Erastus Akingbola, who has been on the run.
Sanusi stated that government’s committed to pursue the banking reform to a logical conclusion.
He assured that the council has been put on a safe road by the ongoing reform of the administration of President Umaru Musa Yar’Adua.
“The banking sector remains a major driver of economic activities. The sector is not in crisis, we have forestalled this” Sanusi added.
He noted that Nigeria’s macro-economic environment had improved in 2009 due to government’s proactive response to the global economic slow down.