stiffer

Stiffer Punishment For Randy Lecturers

Following the recent reported cases of sexual harassment in Nigeria’s tertiary institutions, President Muhammadu Buhari has warned that henceforth, any lecturer indicted in the sex-for-marks scandal and other sexual-related offences would face the “stiffest punishment under the law.” The president, in his speech at the 35th convocation ceremony of the University of Ilorin, condemned the rising cases of sexual scandals in the nation’s university system.

The president’s terse threat of full sanctions on the offenders, though belated, has brought an official stamp of disavowal of the heinous acts, which have seized the nation by the jugular in recent times. Also,

Loan - Deposit Ratio: CBN To Impose Stiffer Laws On Banks

Loan – Deposit Ratio: CBN To Impose Stiffer Laws On Banks

  • Customers using loans for Treasury Bill will be blacklisted

The Central Bank of Nigeria (CBN) has vowed to impose stiffer sanctions on any commercial and blacklist customers that flout its minimum loan-to-deposit ratio (LDR) policy that is focused on increasing lending to the real sector of the economy.

The Director, Corporate Communications, CBN, Mr. Isaac Okoroafor, disclosed these in a chat on the sidelines of the ongoing International Monetary Fund/World Bank Annual Meetings in Washington DC, United States.

Specifically, it warned that any bank that is found to be disbursing loans to customers who subsequently invest such funds in treasury …