This was made public in a statement by Garba Shehu, the presidential spokesman on Friday.

The Act repeals the extant Banks and Other Financial Institutions Act 1991 as amended.

The legislation is expected to enhance the resilience of the financial system for the growth of the economy of Nigerian.

It updates the enabling law in response to developments and significant evolution in the financial sector.

The Presidency said the Act will increase the appetite of banks and other financial institutions to channel credit to the real sector.

It also introduces a credit tribunal to improve loan recovery.

Also, the legislation addresses the incidence of high non-performing loans within the financial system.

The Act strengthens the regulatory and supervisory framework for the financial industry.

It provides additional tools for managing failing institutions and systemic distress to preserve financial stability.

The Central Bank of Nigeria (CBN) will meet stakeholders across various sectors to discuss critical aspects of the Act

Right Or Wrong: Check out This Weird Photos This Woman Took With Her Son That Got People Talking

WinnaijatvOct 15, 2020Read original

A major goal for parents is to teach their children to behave in socially acceptable ways and to exercise self control.

But it appears some parent are no longer paying much attentions to some negative behaviors. If not, how do the you explain the scenario in this picture where this woman’s child appear to be touching and putting his hand where he is supposed to keep off?

Yes, so many people might be of the sentiment that he just a child and doesn’t know what he is doing. Well you maybe right but if look from another point of view, you might agree with me that if such act is being ignored with the child not being cautioned to desist from such moves, he may feel it is normal and hence extends it to probably his little sister or other girl of his age around which may result in despicable things which the parent or society might not like. Hence, the need for prompt correction and good parenting.

So many people reacted on seeing this photos and shown below are some of their reactions:

What do you think about this?