₦airaland Forum

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.

I thought cbn said notin wrong with these banks.

How many times?

Omo, make I go withdraw my money for Union bank sharperly

I don't have any business with any of these banks

Ha

Toh

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 They only denied that they have withdrawn their operating licenses.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

Fake news

Pls how do i report the FAKE NEWS Op

January 10 abi my eyes dey see double

helinues:
Toh

About to open ur mouth.

They can dissolve all the banks but don't touch Kuda. Abeg

Hi nairalanders it's me again with a beautiful new blog for your consumption https://maryakanbiblog.com

Dissolve banks management not banks, mods pls correct

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

It's a fake news....I just called them at Marina.

CBN is precipitating a run on these banks.
This Cardboard abi Cardoso is a full complement of his boss. Failure begets failure. Tueh!

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?

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?

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

Sad

This is bad but they deny it before

🙄🙄

Wetin I dey see so? What about people's money?

Okay na...more job losses looming

This is serious

shortgun:
Underestimate rumors in Nigeria at your own risk

Anything they deny... know say na truth

I thought cbn said notin wrong with these banks.

Someone is just using this CBN man to fight his political rival in opposition. That someone is really desperate now.