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NEWS: Nigeria cenbank sacks boards of three lenders for regulatory failures

NIGERIA BANK NOTE: The two African powerhouses of South Africa and Nigeria placed on FATF's watchlist today.

Nigeria’s central bank has sacked the boards and management of three lenders for non-compliance with banking regulations and corporate governance failures, it said on Wednesday.

The affected lenders are privately held Union Bank, Keystone Bank and Polaris Bank, each of which had come under government control in the past.

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