BREAKING: Polaris, Heritage, Keystone intact as CBN says no plan to revoke licence of any other deposit bank

CBN Gov, Yemi Cardoso

Depositors with the likes of Polaris, Unity and Kesytone banks have no cause to worry as the Central Bank of Nigeria has said it has no plan to revoke the licence of any other deposit bank.

It revoked the licence of Heritage Bank days ago  but it said it was not a continual exercise.

Some have speculated that more banks would go, thus causing anxiety among depositors.

But in a statement on Tuesday, the  Acting Director, Corporate Communications of the apex bank, Mrs Hakama Sidi-Ali, said  the insinuations were false.

The statement read:

“The attention of the CBN has been drawn to some information
circulating in the public domain, suggesting that the CBN is set to revoke the licenses of three additional banks following its regulatory action against Heritage Bank Plc on Monday.

“The CBN unequivocally states that these allegations are false and intended to trigger panic in the financial system.

“The Nigerian financial system remains safe, sound, and resilient.

“Our banks have begun submitting implementation plans for the Banking Sector Recapitalisation Programme in compliance with the Circular reviewing the minimum capital requirements for
Commercial, Merchant, and Non-Interest Banks (CMNIBs).”


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