No Plans To Revoke Licences of Polaris, Unity and Keystone Banks- CBN
The Central Bank of Nigeria (CBN) has said that it has no plans to withdraw the licences of Polaris, Unity and Keystone banks.
The statement by Acting Director of Corporate Communications, Hakama Sidi-Ali on Tuesday, is in response to online reports suggesting that the three bank licences would be terminated following the recent revocation of Heritage Bank’s licence.
In a post on its social media handles on Tuesday, the CBN dismissed the claims, stating, “The content is fake and not from the CBN.”
On June 3, the CBN revoked the banking licence of Heritage Bank due to the bank’s continued poor financial performance.
According to the CBN, the decision to withdraw Heritage Bank licence was made because the bank’s board and management had failed to improve its financial standing, posing a threat to financial stability.
