ACAMB Condemns Ratings of Nigerian Banks by the Africa Report
The Association of Corporate Affairs Manager of Banks (ACAMB) has condemned in totality the publication by The Africa Report, a bi-monthly published by Paris-based Groupe Jeune Afrique which was quoted by The Punch, a Nigerian daily tabloid, classifying Nigerian Banks into an unknown and unacceptable ratings. The Association questioned the source of the information of the publication, noting that the only acceptable and recognized authorities in this regard remain the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) which have the facts and figures on the state of health of the industry. ACAMB also pooh-poohed the rating on a number of grounds which bothered on ethical issues, professional competencies and historical antecedents
See original here:
ACAMB Condemns Ratings of Nigerian Banks by the Africa Report
