The Office of the Special Central Bank of Nigeria Investigator has rejected the request by Titan Trust Bank Limited Chairman, Babatunde Lemo, to reschedule the December 28, 2023, meeting with investigators until January 7...CONTINUE READING
The investigator warned that failure to attend the scheduled meeting may lead to the forfeiture of Lemo and other major shareholders’ shareholding and interests in Titan Trust Bank and Union Bank Nigeria Plc.
The rejection came in response to a letter from Lemo’s lawyer seeking a meeting shift. The investigation is connected to the acquisition of Union Bank of Nigeria Plc by Titan Trust Bank.
The Federal Government has pledged to maintain a conducive atmosphere for business growth by issuing Executive Orders 001, 002, and 003 to Ministries, Departments, and Agencies (MDAs).
Engr. Faruk Yusuf Yabo, the Permanent Secretary, Special Duties Office, highlighted this commitment at a workshop in Abuja. The Executive Orders aim to foster transparency, efficiency, and support local content in public procurement.
The government emphasizes the importance of adhering to the guidelines outlined in the Orders to create an enabling environment for businesses and stimulate economic growth. MDAs are urged to meet specified deadlines and submit operationalization plans for review and compliance tracking.
The Federal Government remains dedicated to ongoing reforms to enhance professionalism and service delivery in the Nigerian business environment.
