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Insurance firms’ N300b stuck at CBN over verification for illicit funds

Insurance firms’ N300b stuck at CBN over verification for illicit funds
Photo: Vanguard · view original

By Rosemary Iwunze Insurance companies are now struggling to have access to the new capital they raised, amounting to about N300 billion under the just concluded recapitalization programme. The funds were held in the Central Bank of Nigeria, CBN, pending verifications for illicit funds inflows. V...

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