To introduce Credit Tribunal for loan recoveries President Muhammadu Buhari yesterday assented to the Banks and Other Financial Institutions (BOFI) Act 2020. According to an issued statement by Presidential Spokesman, Garba Shehu, the monumental piece of legislation is expected to enhance the soundness and resilience of the financial system for sustainable growth and development of the Nigerian economy. This latest piece of legislation repeals the extant BOFI Act 1991 as amended, updating the enabling law in response to developments and significant evolution in the financial sector over the last two…
Read MoreBuhari assents to Banks and Other Financial Institutions (BOFI) Act 2020
