Govt takes over Nagad

Bangladesh Bank Governor Ahsan H Mansur announced that Nagad, a mobile financial service provider, has been taken over by the government. The central bank appointed an administrator amid allegations of irregularities. Nagad’s current board and CEO position have been abolished. The BB will conduct an audit and review Nagad’s digital bank license. The move aims to safeguard customers’ interests and transform Nagad into a transparent, compliant organization. Daily Star