Nine Nigerian banks banned from foreign currency deals.A list of nine Nigerian banks have been suspended from foreign currency trades for not refunding money owed to the government.

Nine Nigerian banks banned from foreign currency deals

A list of nine Nigerian banks have been suspended from foreign currency trades for not refunding money owed to the government. 

The banks are said to be withholding a total of $2.1bn (£1.6bn) belonging to the state-owned oil company.
Last year, President Muhammadu Buhari ordered the merger of all state accounts into one single account at the central bank to reduce corruption.
It is nearly a year since the deadline to transfer the money expired.
The banks affected are:

KEYSTONE BANK

FIRST BANK

FIDELITY BANK

UBA

DIAMOND BANK

FCMB

STERLING BANK

HERITAGE BANK

SKYE BANK