Nigeria's financial regulator has ordered Stanbic IBTC, to restate its 2013 and 2014 accounts over "misleading" disclosures relating to expenses and franchise fees owed to its parent firm South Africa's Standard Bank, the watchdog said.
Regulator orders Stanbic IBTC to restate accounts
The Financial Reporting Council said on Monday Stanbic IBTC had an "other operating expenses" category in its accounts for financial years 2011 to 2014 in which expense items were not properly disclosed.
The Financial Reporting Council said on Monday Stanbic IBTC had an "other operating expenses" category in its accounts for financial years 2011 to 2014 in which expense items were not properly disclosed.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Lagos postpones eagerly anticipated Easter boat regatta indefinitely
Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister
Sanwo-Olu opens 'Sunday market' on Good Friday for Easter shopping
Wike thanks Tinubu for the opportunity to serve
Barrister Bida pens special birthday prayer for President Tinubu, Nigerians
Tinubu’s aide distributes food items to 1,750 persons in FCT, Kwara
Court grants senator accused of forging NYSC certificate ₦50m bail
BREAKING: Delta monarch declared wanted by military surrenders to police
Renowned Canada-based Nigerian playwright, Oguntokun is dead
Pulse Sports
Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?
I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream
Michelle Alozie: I had to do it because of African referees
AC Milan star reveals he was named after Super Eagles legend Tijani Babangida
Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana
Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana
ADVERTISEMENT