Economic analysts have said that the decision of the Central Bank of Nigeria to temporarily suspend banks with forbearance loans from dividend payments and investment in foreign subsidiaries would ensure that the affected banks operate on a stronger capital base and attract genuine capital.
Financial experts made this observation in separate exclusive interviews with newsmen over the weekend.
However, In a circular signed by its Director of Banking Supervision, Olubukola Akinwunmi, the CBN directed banks operating under regulatory forbearance to suspend dividend payments, defer bonuses for executives, and halt investments in foreign subsidiaries or offshore ventures.
EXPERTS BACK CBN FREEZE ON DIVIDENDS TO BOOST BANK CAPITAL
