Financial Reporting Council 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.

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Stanbic IBTC will sue its loan defaulters play

Stanbic IBTC will sue its loan defaulters

(Business Day)
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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.

Sola David-Borha, MD/CEO Stanbic IBTC bank play

Sola David-Borha, MD/CEO Stanbic IBTC bank

(netnaija)

 

READ: 9 facts you should know about the naira

South African-based Standard Bank is the parent company of Stanbic IBTC bank play

South African-based Standard Bank is the parent company of Stanbic IBTC bank

(google)

 

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.

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