Back and Next - Back and NextCentral Bank Takes over Bayba Financial Services
Friday, April 25, 2008
This paper has learn through authoritative official sources
that the Central Bank of The Gambia (CBG) has decided to take possession of
Bayba Financial Services and Savings and Credit company with effect from April
25th2008.
In a notice issued to the general public, CBG informed that acting under section 42 of the Financial Institutions Act (FIA) has seized the said Financial Services with a view to assuming overall managerial role over it.
In a notice issued to the general public, CBG informed that acting under section 42 of the Financial Institutions Act (FIA) has seized the said Financial Services with a view to assuming overall managerial role over it.
The arrangement, our sources went on, is tailored to give
“the Central Bank of The
This development has come within weeks after this paper carried a story wherein Bayba customers expressed dissatisfaction over the slowness of the process to receive monies remitted to them.
Source: Picture: Bamba Saho (Central Bank Governor)
See Also - See Also