The Central Bank of Nigeria has denied plans to revoke the licenses of Unity Bank, Polaris Bank, and Keystone Bank.
“The content is fake and not from the CBN.”
Online reports had claimed that the apex bank would
terminate the licenses of the three banks, following the revocation of Heritage
Bank’s license.
However, the CBN has debunked this claim in a post on its
social media handles, stating that it has no plans to do so.
The CBN had revoked Heritage Bank’s license, citing the
bank’s inability to improve its financial performance.
“The Board and Management of the bank have not been able to
improve the bank’s financial performance, a situation which constitutes a
threat to financial stability,” the bank said.
The CBN added that Heritage Bank had not shown any prospects
of recovery, making the revocation of its license necessary.
The Nigeria Deposit Insurance Corporation has been appointed
as the liquidator of the bank, in line with Section 12 (3) of the Banks and
Other Financial Act 2020 and has begun the process of repayment of deposits to
customers already.