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Nigeria Moves Not To Lose Regional Maritime Bank To DR Congo - Vanguard News
Nigeria Moves Not To Lose Regional Maritime Bank To DR Congo - Vanguard News
NigeriamovesnottoloseRegionalMaritimeBanktoDRCongoVanguardNews
WEDNESDAY 30 MARCH
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1/22
3/30/2016
NigeriamovesnottoloseRegionalMaritimeBanktoDRCongoVanguardNews
2/22
3/30/2016
NigeriamovesnottoloseRegionalMaritimeBanktoDRCongoVanguardNews
Since February 2012, calls were being made to the Federal Ministry of
Transportation and the Federal Government to provide nancial
commitment` essential for the banks take-off.
The delay is the lack of the pre-incorporation funds which would form part
of Nigerias equity contributions to the banks project.
As at today, nancial and legal consultants had been appointed and the
banks secretariat had been accumulating rents without operation.
NAN reports that the regional bank is a sub-regional initiative supported by
multilateral agencies like the World Bank, African Development Bank (ADB)
and European banks.
MOWCA had made initial contacts with the agencies and the agencies were
waiting for the take-off of the banks secretariat to take the project to the
next level.
28
2,250,000
2,000,000
7,332,000
4,500
118,000
21,999
http://www.vanguardngr.com/2016/03/nigeriamovesnotloseregionalmaritimebankdrcongo/
3/22