CBN sacks boards of Union, Titan, Polaris banks
The Central Bank of Nigeria has sacked the Board of Directors governing Polaris, Union and Keystone Banks.
The CBN announced the decision in a statement Wednesday night.
The action is expected to have followed the recommendation of the Special Investigator, Jim Obazee, appointed by President Bola Tinubu in July 2023.
Mr Obazee was appointed to probe the activities of the CBN and other relevant establishments.
The CBN in its statement Wednesday accused the banks of regulatory non-compliance, corporate governance failure, among others.
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The Central Bank of Nigeria has sacked the Board of Directors governing Polaris, Union and Keystone Banks.
The CBN announced the decision in a statement Wednesday night.
The action is expected to have followed the recommendation of the Special Investigator, Jim Obazee, appointed by President Bola Tinubu in July 2023.
Mr Obazee was appointed to probe the activities of the CBN and other relevant establishments.
The CBN in its statement Wednesday accused the banks of regulatory non-compliance, corporate governance failure, among others.
Support PREMIUM TIMES’ journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
TEXT AD: Call Willie – +2348098788999
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