Troubled banks need N1trn bailout

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The Central Bank of Nigeria (CBN) will require a whopping N1 trillion to fix troubled banks,Senate Committee Chairman on Banking, Insurance and other Financial Institutions, Senator Nkechi Nwaogu has said. Nwaogu's disclosure came as Senate President, David Mark chided the former CBN Governor, Professor Chukwuma Soludo, for poor supervision of the banks during his five-year tenure.

Source: Troubled banks need N1trn bailout

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