(AP) Nigerian government nationalizes 3 banks as industry is embroiled in corruption allegations

Nigerian financial regulators nationalized three banks Friday night in the course of an ever-widening probe of corruption allegations and mismanagement of fiscal institutions in the oil-rich nation. Authorities took over Afribank PLC, Bank PHB and Spring Bank PLC after markets … Continue reading (AP) Nigerian government nationalizes 3 banks as industry is embroiled in corruption allegations