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Nigerian central bank demands resignation of bank directors with non-performing insider loans.
The Central Bank of Nigeria has ordered bank directors with non-performing insider loans to resign immediately.
This directive aims to strengthen corporate governance and risk management in the banking sector.
Banks must recover outstanding debts and seize directors' shareholdings to mitigate risks.
Insider loans exceeding statutory limits must be regularized within 180 days.
The move is part of broader efforts to enhance financial discipline in Nigeria's banking industry.
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El banco central nigeriano exige la renuncia de los directores de los bancos con préstamos internos no productivos.