The Coalition of Civil Society Organisations has alerted the Federal Government and CBN to an organised plot by some vested interests to orchestrate a diversionary campaign to stop the proposed banking sector reforms.
According to the acting CBN director, commercial banks with national licences must meet a N200 billion threshold, while those with regional authorisation are expected to achieve a N50 billion capital floor. This, he said, was to elongate the stay of their Pay Masters at the helm of affairs at some of the ”sick” banks that required the recapitalisation the most.
“These faceless groups were planning to use some faceless civil society organisations who will begin to make preposterous claims and allegations against some Nigerians who critical to the success of the planned banking recapitalisation programme.