The Senate has noted with satisfaction the assent of President Muhammadu Buhari to the Banks and Other Financial Institutions Act 2020 (BOFIA) following the passage of the bill by the senate. Senator Ajibola Basiru (APC Osun), Chairman, Senate Committee on Media in a statement on Saturday, said the enactment of the BOFIA followed many other bills passed by the senate on critical areas of the economy. According to him, the bills passed are relevant to the nation’s development. Basiru stressed that assent to the BOFIA has effectively repealed the 1991…
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