VFD Bank reveals the truth about alleged fine by CBN, SEC

• VFD Microfinance Bank has denied a report that it was fined N8 million by the CBN and the SEC violations
• The bank said the report contained inaccuracies as it does not trade FX, being a microfinance bank
• The bank disclosed that the report, sourced from another platform, is not an accurate representation of events

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

VFD Microfinance Bank has debunked reports that it was sanctioned by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for various infractions, including forex violations.

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