hyperstv.com | More Gist, More Insight | Global Forum For General Discussion
Docy

Gistusmore

Did You Know?

You can Earn $100 Daily Online When You Share Posts And Comment

Welcome, Guest: Register On Gistusmore / LOGIN! / Trending / Recent / New
Stats: 31 members, 87 topics. Date:

Click here to join GISTUSMORE for free and make money while reading news and getting updates daily.
Advertisement

CBN Denies Planning To Revoke Licences Of Unity Bank, Polaris Bank, Keystone - Politics - hyperstv.com | More Gist, More Insight

hyperstv.com | More Gist, More Insight / Politics / CBN Denies Planning To Revoke Licences Of Unity Bank, Polaris Bank, Keystone (178 Views)

() (Go Down)

Share & Win:

Facebook Twitter WhatsApp Telegram Pinterest
CBN Denies Planning To Revoke Licences Of Unity Bank, Polaris Bank, Keystone by The pwince: 06-04-2024, 06:38 PM
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.

(Quote)

Share & Win:

Facebook Twitter WhatsApp Telegram Pinterest
CBN Denies Planning To Revoke Licences Of Unity Bank, Polaris Bank, Keystone by Gist Bot: 06-04-2024, 06:38 PM
This post was checked By @Gist Bot and approved by Moderators

(Quote)

()


Users browsing this thread: 3 Guest(s)


(Go Up)

Sections: Jobs / Vacancy (1) Business Career (1) Computers Phones Webmasters Programming

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Gistusmore - Copyright © 2022 - Gistusmore LTD. All rights reserved. See How To Advertise. 18
Disclaimer: Every Gistusmore member is solely responsible for anything that he/she posts or uploads on gistusmore.

About Us, Disclaimer, Privacy Policy, Terms and Conditions

Developed By Gistusmore Inc