Insurance firms’ N300b stuck at CBN over verification for illicit funds
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By Rosemary Iwunze Insurance companies are now struggling to have access to the new capital they raised, amounting to about N300 billion under the just concluded recapitalization programme. The funds were held in the Central Bank of Nigeria, CBN, pending verifications for illicit funds inflows. Vanguard learnt that following suspicion of possible illicit sources of […] The post Insurance firms’ N300b stuck at CBN over verification for illicit funds appeared first on Vanguard News .
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- https://www.vanguardngr.com/2026/10/insurance-firms-n300b-stuck-at-cbn-over-verification-for-illicit-funds-2/
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- 22/10/2026 06:07 UTC
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- 22/10/2026 06:09 UTC
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