Stanbic IBTC Holdings Plc, in a statement to the Nigerian Stock Exchange on Monday, said the CBN confirmed that its banking subsidiary would not be debited for the $2.632bn, being the portion of the remittances the bank had made on the basis of the CCI. It noted that the central bank had previously suggested that the bank should be prepared to refund the amount. The statement, which was signed by the Company Secretary, Stanbic IBTC Holdings, Chidi Okezie, read in part, “Further to our update to the Nigerian Stock Exchange on September 6, 2018 on the above subject matter, Stanbic IBTC Holdings Plc has been informed by its banking subsidiary – Stanbic IBTC Bank Plc ― that the Central Bank of Nigeria has written to advise the bank that it will examine new submissions and documentations made by the bank, and where justified, it will review its earlier decision on the penalty it imposed on the bank. “The bank had communicated that it believed that it had acted properly in an agency capacity. The bank will continue its engagements with the CBN and provide additional evidence in relation to the issues it has raised.”]]>
![](https://thenigerialawyer.com/wp-content/uploads/2026/09/2026-IDRI-Masterclass.png")
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
