The Central Bank of Nigeria (CBN) says it has no plans to revoke the licences of Unity, Polaris, and Keystone banks.
Online reports had claimed the apex bank would terminate the
licences of the three banks, following the revocation of Heritage Bank’s
licence.
However, in a post on its social media pages on Tuesday, the
bank said the content was not authentic.
“The content is fake and not from the CBN,” the post reads.
On June 4, the Central Bank of Nigeria (CBN) revoked the
banking licence of Heritage Bank.
According to the CBN, the decision was made due to 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.
However, the apex said Heritage Bank had not improved and
“has no reasonable prospects of recovery”, thereby making revoking the licence
the next necessary step.
The bank said the Nigeria Deposit Insurance Corporation
(NDIC) is as a result of this appointed as the liquidator of the bank per
Section 12 (3) of the Banks and Other Financial Act (BOFIA) 2020.
The revocation, according to the apex bank, reflects its
continued dedication to take all necessary steps to ensure the safety and
soundness of Nigeria’s financial system.
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