News

CBN Reveals Stance On revoking Licenses Of Fidelity, Wema, Polaris, Unity Banks

The Central Bank of Nigeria has said there is no plan to revoke the licenses of Fidelity, Wema, Polaris and Unity Banks.

The acting Director of the Corporate Communications Department, Mrs Hakama Sidi Ali, on Monday, made this clarification in a statement.

Recall that a circular made the round on Monday suggesting that the apex bank has dissolved the boards of the three banks barely after revoking the license of Heritage Bank.

However, the apex bank spokesperson described the claim as false.

CBN reassured members of the banking public of the safety of their deposits and the banking system’s resilience.

“Without prejudice to the ongoing recapitalization process, I want to restate that the Nigerian banking industry remains resilient.

“Key financial soundness indicators remain within current regulatory thresholds.

“Customers are, therefore, encouraged to proceed with their transactions as usual, as the CBN is committed to ensuring the safety of the banking system,” she stated.

On June 3, CBN announced the withdrawal of license for Heritage Bank over poor financial performance.

To quell public panic, the Nigerian Deposit Insurance Corporation, NDIC assured Heritage Bank depositors that it had already begun the process of repaying their money…..See More

Rivers: ‘The APC Chairman Had Forgotten To Give The 27 Lawmakers The Party Register’ -Chidi Lloyd

READ MORE  Sowore Reacts After Yahaya Bello Allegedly Paid Nearly $1M To Abuja School For His Children's Fees

Bueze

Welcome to my website! I'm Bueze, and I'm passionate about delivering verified news and insightful content to my readers. Here, you'll find updates on global events and expert advice on building healthy relationships. My goal is to provide valuable information that inspires and influences positive change. Make sure to visit often for your dose of reliable news and tips for enhancing your connections with others!

Related Articles

Leave a Reply

Back to top button

"Grow Your Business with Us!

Connect with our large audience to showcase what you offer. Boost brand visibility, engage new customers, and increase sales. Let us help you expand your market!

Contact us on WhatsApp at: +2348064260013 to begin today!"

Sorry this site disable right click
Sorry this site disable selection
Sorry this site is not allow cut.
Sorry this site is not allow copy.
Sorry this site is not allow paste.
Sorry this site is not allow to inspect element.
Sorry this site is not allow to view source.

Discover more from Hub Gist

Subscribe now to keep reading and get access to the full archive.

Continue reading