MAN FOUND UNCONSCIOUS AFTER ALLEGEDLY THROWING CHILDREN FROM STOREY BUILDING IN ABA. (PHOTO).

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  DEVELOPING STORY: Man Found Unconscious After Allegedly Throwing Children From Storey Building in Aba A man was reportedly found unconscious but still breathing after allegedly falling from a storey building at New Phase of Umuobe by Barracks, Opobo Road, Obignwa, Abia State. The incident, which occurred on Thursday, has caused panic among residents of the area. Eyewitnesses told Magic FM Aba that the man allegedly threw two of his children from the building before attempting to throw down his wife. However, the circumstances surrounding the incident remain unclear. The two children were reportedly rushed to a hospital for medical attention. As of the time of filing this report, Magic FM Aba could not independently confirm their condition or whether they survived the fall. The man, who sustained an injury to the head, was still lying in front of his house and had yet to receive assistance as of the time of this report. Witnesses said he was unconscious but still breathing. Reside...
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BANK OF GHANA SUSPENDS FX LICENCES OF GTB, FIRST BANK FOR ONE MONTH. (PHOTO).

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 In a statement on Monday, the Ghanaian regulator said the suspension will become effective from March 18, 2024, for one month.


“Bank of Ghana has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN), effective 18th March 2024, for a period of one (1) month, in accordance with section 11 (2) of the Foreign Exchange Act 2006, (Act 723),” the statement partly read.


“This is a result of various breaches of the foreign exchange market regulations, including fraudulent documentation in their foreign exchange operations which have come to the attention of Bank of Ghana.

“The licence will be restored at the end of the one-month suspension period once the Bank of Ghana is satisfied that they have put in place effective controls to ensure strict adherence to the foreign exchange market regulations.”

The regulator cautioned foreign exchange market players to adhere strictly to the applicable forex market regulations and guidelines.


Last Friday, the Central Bank of Nigeria (CBN) revoked the licences of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing to observe regulatory provisions.


The move is expected to curb arbitrage, racketeering and profiteering as the naira suffers an all-time low against the dollar, from about $/700 last May to over $/1500 at the moment.

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