The Notice Requirement In Revoking Banking Licenses
I have followed the debate on whether or not BOG breached the Banks and Specialised Deposit Taking Institutions Act, 2016 (Act 930) by not giving the banks whose licences have been revoked, PRIOR written notice. My view is that as long as the BOG determined that there were (i) grounds of emergency, (ii) public interest considerations, or (iii) grou ...