For di recent days, di process of allotting bank shares to investors for di ongoing recapitalisation exercise dey face some challenges. According to reports from financial analysts, di initial phase of capital raising activities don conclude, but di verification of investors dey stall di allotment of shares.
Di delay is causing some tension among investors who have been waiting to know if their investments have been successful. Di recapitalisation exercise is part of efforts to strengthen di financial health of banks in Nigeria and ensure they meet regulatory requirements.
Financial experts are advising investors to remain patient as di regulatory bodies work to complete di verification process. Di Central Bank of Nigeria and other relevant authorities are working to ensure that all transactions are transparent and in line with regulatory guidelines.
In another development, di Central Bank of Nigeria has revealed that banks operating in di country have refunded about N7.05 billion and $714,569.03 to customers following its intervention. Dis move shows di commitment of di regulatory body to protect di interests of bank customers.
