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Business Services Industry

Clamp down on dirty money.(Commercial Review)

African Review of Business and Technology,  September, 2005  

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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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