The central bank of Nigeria yesterday released the list of 9 commercial banks barred from participating in foreign exchange tractions because they failed to remit fund from NNPC into the treasury single account (TSA).
The list of the nine suspended banks and the amount of money they failed to remit below:
– United Bank for Africa (UBA) -$530m
– First Bank of Nigeria (FBN)- $469m
– Diamond Bank Plc-$287m
– Sterling Bank Plc-$269m
– Skye Bank Plc -$221m
-Fidelity Bank -$209m
– Keystone Bank- $139
– First City Monument Bank (FCMB) -$125m
- Heritage Bank-$85m
There suspension will be lifted once they remit the NNPC funds into the TSA
