CBN Sacks Boards of Union Bank, Keystone Bank and Polaris Bank
The Central Bank of Nigeria (CBN) has officially dissolved the Board and Management of three prominent banks: Union Bank, Keystone Bank, and Polaris Bank. In a press release dated January 10, 2024, the CBN highlighted that this action was taken due to the banks’ non-compliance with critical regulatory provisions, specifically Section 12(c), (f), (g), (h) … Read more