{"id":12637,"date":"2017-04-27T20:49:48","date_gmt":"2017-04-27T19:49:48","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=12637"},"modified":"2017-04-28T12:30:11","modified_gmt":"2017-04-28T11:30:11","slug":"banks-to-contribute-5-to-agriculture-establish-central-repository-against-fraud","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/banks-to-contribute-5-to-agriculture-establish-central-repository-against-fraud\/","title":{"rendered":"Banks to Contribute 5% to Agriculture \u2026Establishes Central Repository Against Fraud"},"content":{"rendered":"<div id=\"yiv8882590939yui_3_16_0_ym19_1_1493307798984_2645\"><\/div>\n<div>The Central Bank of Nigeria (CBN), Director of banking \u00a0supervision, Ahmed Abdullah on Thursday disclosed that the bankers committee of the apex bank at the end of its 32nd meeting in Lagos resolved to be contributing 5 percent of their profit after tax toward supporting the agricultural sector.<\/div>\n<div><\/div>\n<div id=\"yiv8882590939yui_3_16_0_ym19_1_1493307798984_2709\"><span id=\"yiv8882590939yui_3_16_0_ym19_1_1493307798984_2710\">Addressing pressmen, Abdullah, who spoke alongside, the managing director of Access Bank Plc Herbert Wigwe, Michael Larbie of Rand Merchant Bank, Charles kie of Ecobank Nigeria, noted that they also discussed issues about the foreign exchange market, which according to him \u201crecent development in the market shows that its moving towards convergence, as seen in the new window for SME\u2019s\u201d stressing that the public needs to know about it and improve their business.<\/span><\/div>\n<div><\/div>\n<div id=\"yiv8882590939yui_3_16_0_ym19_1_1493307798984_2712\"><span id=\"yiv8882590939yui_3_16_0_ym19_1_1493307798984_2713\">He said the CBN would continue with its intervention in the foreign exchange market, adding that efforts by the apex bank so far had been yielding positive results. Pointing out that the country had started to see a downward trend in the prices of commodities, indicating a reduction in the rate of inflation.<\/span><\/div>\n<div><\/div>\n<div id=\"yiv8882590939yui_3_16_0_ym19_1_1493307798984_2715\"><span id=\"yiv8882590939yui_3_16_0_ym19_1_1493307798984_2716\">On the issue of fraud in the banking sector, Wigwe said the committee is planning to set up a central repository system that will help to track all fraudster in the industry. <\/span><\/div>\n<div><\/div>\n<div><span id=\"yiv8882590939yui_3_16_0_ym19_1_1493307798984_2716\">He said they are currently working on the modalities before it will be implemented. \u00a0<\/span><\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN), Director of banking \u00a0supervision, Ahmed Abdullah on Thursday disclosed that the bankers committee of the apex bank at the end of its 32nd meeting in Lagos resolved to be contributing 5 percent of their profit after tax toward supporting the agricultural sector. Addressing pressmen, Abdullah, who spoke alongside, the &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":11,"featured_media":8527,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[36],"coauthors":[2392,2393],"class_list":["post-12637","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-cbn"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banks to Contribute 5% to Agriculture \u2026Establishes Central Repository Against Fraud - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/banks-to-contribute-5-to-agriculture-establish-central-repository-against-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks to Contribute 5% to Agriculture \u2026Establishes Central Repository Against Fraud - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria (CBN), Director of banking \u00a0supervision, Ahmed Abdullah on Thursday disclosed that the bankers committee of the apex bank at the end of its 32nd meeting in Lagos resolved to be contributing 5 percent of their profit after tax toward supporting the agricultural sector. 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