Regulatory Alerts2011-08-03 | CACS 06- 2011CACS ACTIVITY REPORT FOR THE MONTH OF JUNE 2011
In the month of June 2011, no State Government accessed the CACS funds, with a total of twenty-six states participating in the scheme. The CBN released N131.49 billion to 148 beneficiaries since the program's initiation in 2009, including both individuals/private promoters and state governments who received a flat amount of N1 billion each. As of June 2011, the remaining CACS funds totaled approximately N68.507 billion. Fourteen participating banks include Access Bank Nigeria Plc, Fidelity Bank, First Bank of Nigeria, Guaranty Trust Bank Plc, Oceanic Bank International Plc, Skye Bank Plc, Stanbic IBTC, Union Bank Plc, United Bank for Africa Plc, Unity Bank Plc, Zenith Bank Plc, Citibank, Diamond Bank Plc, and Sterling Bank Plc.
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