May 31 (THEWILL) — Stanbic-IBTC Group has consistently demonstrated a pattern of numerous regulatory violations over a five-year period, establishing itself as one of the most noncompliant entities with the regulations imposed by various financial services authorities in Nigeria.
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Chairman of Heirs Holdings and Transcorp Group, Tony Elumelu, has identified unreliable electricity, inadequate access to capital, poor value addition and limited intra-African trade as major obstacles to Africa's economic development, calling for urgent reforms to unlock the continent's enormous potential.