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CBN Dissolves Union Bank, Keystone Bank And Polaris Bank - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsCBN Dissolves Union Bank, Keystone Bank And Polaris Bank (8520 Views)

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CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by tellsblinks(op):
January 10th 2024

CBN Dissolves the Board and Management of Union Bank, Keystone Bank and Polaris Bank

The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank.

This action became necessary due to the non-compliance of these banks and their respective boards with the provisions of Section 12(c), (f), (g), (h) of Banks and Other Financial Institutions Act, 2020. The Bank's infractions vary from regulatory non-compliance, corporate governance failure, disregarding the conditions under which their licenses were granted, and involvement in activities that pose a threat to financial stability, among others.

The CBN assures the public of the safety and security of depositors' funds and remains resolute in fulfilling its mandate to uphold a safe, sound, and robust financial system in Nigeria. Our Banking system remains strong and resilient.

Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by nedu666: 8:24am On Jun 11, 2024
I thought cbn said notin wrong with these banks.
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by CilicMarin: 8:24am On Jun 11, 2024
How many times?
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Oluchiugo: 8:25am On Jun 11, 2024
Omo, make I go withdraw my money for Union bank sharperly
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by thesicilian: 8:27am On Jun 11, 2024
I don't have any business with any of these banks
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by lwisee: 8:29am On Jun 11, 2024
Ha
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by helinues: 8:30am On Jun 11, 2024
Toh
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by FreeStuffsNG: 8:31am On Jun 11, 2024
nedu666:
I thought cbn said notin wrong with these banks.
They never said so. They only denied that they have withdrawn their operating licenses. Please get informed so that you will not be seen as lying.
That is an obsolete circular of Jan 10
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by FreeStuffsNG: 8:36am On Jun 11, 2024
Fake news wink
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Dera1000(m): 8:40am On Jun 11, 2024
Pls how do i report the FAKE NEWS Op
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by dammiecool(m): 8:50am On Jun 11, 2024
January 10 shocked shocked shocked shocked abi my eyes dey see double
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Nice2023(m):
helinues:
Toh
About to open ur mouth.
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by sachidistudios(m): 9:12am On Jun 11, 2024
They can dissolve all the banks but don't touch Kuda. Abeg
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Maryakanbi: 9:13am On Jun 11, 2024
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Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by RealLordZeus(m): 9:15am On Jun 11, 2024
Dissolve banks management not banks, mods pls correct
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by ShogunNoName: 9:19am On Jun 11, 2024
There you have it folks these are some of the banks that were using their dollar allocation to destabilize the Naira

These are the banks whose boards will take dollars hoard and sell.to black market

We will get there eventually . To destroy takes a few years but to rebuild Omo that there you go know say Onitsha yan is different from Ghana Yam
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by shortgun(m): 9:19am On Jun 11, 2024
Underestimate rumors in Nigeria at your own risk
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by H2ho(m): 9:26am On Jun 11, 2024
It's a fake news....I just called them at Marina.
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Validated: 9:28am On Jun 11, 2024
CBN is precipitating a run on these banks.
This Cardboard abi Cardoso is a full complement of his boss. Failure begets failure. Tueh!
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by ShogunNoName: 9:29am On Jun 11, 2024
H2ho:
It's a fake news....I just called them at Marina.
You called them to ask if their board has been dissolved and they told you because who are you again?

Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Validated: 9:32am On Jun 11, 2024
H2ho:
It's a fake news....I just called them at Marina.
So, you go mama put, ask "madam, this soup sweet"? Is that not the dumbest thing to ask?
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by seborrhic: 9:41am On Jun 11, 2024
tellsblinks:
[/quote][quote author=tellsblinks post=130413009]
You are a dunce o!
Why are you bringing January 10th news today to make it seem as if it's a current news!
That's how you people come here and be spreading lies up and down with deliberate intention to mislead,just because nland is a faceless forum and you know no one would hold you accountable.
I dare you to go and post this rubbish on X or Facebook and see if you won't come and be crying for help from Nigerians when you are called to come answer for your source and authenticity of your post
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Kukutente23: 9:43am On Jun 11, 2024
Sad
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by ggood: 9:50am On Jun 11, 2024
This is bad but they deny it before
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Rexymania(m): 9:52am On Jun 11, 2024
🙄🙄

Wetin I dey see so? What about people's money?
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Judithebere1a: 9:52am On Jun 11, 2024
smiley
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Faber(m): 10:13am On Jun 11, 2024
Okay na...more job losses looming
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by ecomalchemistt(m): 10:13am On Jun 11, 2024
This is serious
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Faber(m): 10:13am On Jun 11, 2024
shortgun:
Underestimate rumors in Nigeria at your own risk
Anything they deny... know say na truth
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by AcadaWriter: 10:16am On Jun 11, 2024
I thought cbn said notin wrong with these banks.
Re: CBN Dissolves Union Bank, Keystone Bank And Polaris Bank by Jostoman: 10:18am On Jun 11, 2024
Someone is just using this CBN man to fight his political rival in opposition. That someone is really desperate now.
1 2 Reply

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