In a notice issued to the general public, CBG informed that acting under section 42 of the Financial Institutions Act (FIA) has seized the said Financial Services with a view to assuming overall managerial role over it.
The arrangement, our sources went on, is tailored to give
"the Central Bank of The
This development has come within weeks after this paper carried a story wherein Bayba customers expressed dissatisfaction over the slowness of the process to receive monies remitted to them.
