11 Sep, 2025
5 mins read

Recapitalisation Drive: CBN cautions banks against illicit funds

In a bid to reinforce financial discipline and protect the integrity of the Nigerian banking sector, the Central Bank of Nigeria (CBN) has issued a stern warning to deposit money banks against raising capital from illicit sources. The directive forms part of a broader recapitalisation exercise aimed at enhancing the resilience of the financial system […]