CBN Sends Message to Nigerians, Clears Status of Union Bank, Polaris, Keystone, Others [Video]

• The CBN has once again assured the banking public of the security of their money and the tenacity of the banking system
• CBN’s acting director of the corporate communications department said it is not true the bank is planning further license revocation
• This came after a rumour that the CBN is cancelling the operating licenses of Fidelity, Polaris, Wema, and Unity Banks

Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

The Central Bank of Nigeria (CBN) has once again reassured the banking public of the safety of their deposits and the resilience of the banking system.

It stated this in response to accusations made in some quarters regarding the soundness of some Nigerian banks following the termination of Heritage Bank Plc’s license.

CBN refutes rumour

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