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Clamp down on dirty money.(Commercial Review)
African Review of Business and Technology, September, 2005
THE CENTRAL BANK OF Nigeria has said it is to scrutinise the funds of those buying shares through its initial public offers or private placements, a move which has been criticised by the Nigerian Stock Exchange as a disincentive to investing. The move is meant to ensure that dirty money is not allowed into the banking industry.
Mr Tony Ede, CBN's spokeperson, said that the banking sector is a ...
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