The Central Bank of Nigeria says it has no plans to revoke the licences of Unity, Polaris, and Keystone Banks.
Online reports had claimed that 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 CBN said the content was not authentic.
“The content is fake and not from the CBN,” the post read.
On June 4, the 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 apex bank said.
However, the CBN 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 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.
