4 Reasons Why CBN Sacked Board Of Union, Keystone, Polaris Banks

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4 Reasons Why CBN Sacked Board Of Union, Keystone, Polaris Banks

« on: January 11, 2024, 01:12:28 AM »

4 Reasons Why CBN Sacked Board Of Union, Keystone, Polaris Banks

In the exercise of its regulatory powers, the Central Bank of Nigeria (CBN), on Wednesday, dissolved the Board and Management of Polaris Bank, Union Bank and Keystone Bank for violation of some sections of the Banks and Other Financial Institutions Act (BOFIA) 2020. CBN said the affected banks committed four ‘sins’ or infractions, which necessitated […]

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