Economic and Financial Crimes Commission (EFCC) Chairman Mrs Farida Waziri yesterday in Istanbul, Turkey, said the clamp down on bank debtors was to stimulate confidence in the banking system.

The Central Bank of Nigeria (CBN) has blamed the wrong investment decisions of some banks on their struggle to impress their shareholders with fantastic returns.

The Central Bank of Nigeria may soon consider reducing the number of Micro-Finance Banks in the country as there number has impacted negatively on efficiency, nominee for CBN deputy governor position, Dr. Kingsley Chiedu Moghalu opined yesterday.