Which of these constitutes an offence under BOFIA?
ADisclosure to a court
BCarrying on banking business without a CBN licenceCORRECT
CFiling returns to CBN
DPaying dividends
CIBNBanking Law
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Carrying on banking business without a CBN licence is a criminal offence under BOFIA, with severe penalties.
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