Tag: fine

CBN Fines 4 Banks Over Foreign Exchange illegality

Henry Solomon- August 30, 2018

The Central Bank of Nigeria (CBN) on Wednesday imposed an N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged irregularities ... Read More

4 Nigerian Banks Penalized, MTN to Refund $8b

Tanimu- August 29, 2018

The Central Bank of Nigeria (CBN) says it has imposed heavy sanctions totaling N5.87 billion on four banks under its regulatory purview and asked same ... Read More

#Breaking EU Commission Fines Google €2.42bn For Abuse Of Search Dominance

Henry Solomon- June 27, 2017

The European Commission on Tuesday, fined the search engine giant, Google €2.42 billion for alleged breaching EU antitrust rules. In a press release on its ... Read More

WhatsApp Fined 3m Euros In Italy

Henry Solomon- May 12, 2017

U.S.-based mobile messaging service, WhatsApp, was fined 3 million Euros (3.3 million dollars) on Friday in Italy for insufficient transparency on data sharing with its ... Read More

Bill to Amend National Flag Proposes N100, 000 Fine For Distortion

Henry Solomon- May 5, 2017

Towards preserving Nigeria’s identity and natural heritage, a Bill for an Act to Amend the National Flag and Coat of Arms Act of 2004, has ... Read More

Yaya Toure Fined $68,000 For DUI

Henry Solomon- December 14, 2016

Manchester City midfielder Yaya Toure admitted on Tuesday to being over the legal limit following a drink-driving conviction. The  footballer, who is a teetotaler,  said ... Read More

LMC Fines Giwa FC N6.75m, Bans Team From palying at Home

Henry Solomon- April 20, 2016

The League Management Company (LMC) on Tuesday heavily sanctioned Giwa Football Club of Jos over acts of inadequate security at their match venue and poor ... Read More

Parents To Face Jail Term In Uganda For Failing To Vaccinate Children

Henry Solomon- April 5, 2016

Ugandan government has warned that parents who failed to take their children for compulsory vaccinations would be prosecuted. A statement released on Monday in Kampala ... Read More

MTN Might Pay a “reasonable” Nigerian Fine Following Talks

Henry Solomon- February 19, 2016

South African telecoms firm MTN Group could end up paying a "reasonable" amount following talks with the Nigerian authorities over a disputed $3.9 billion fine ... Read More