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Reading: Heritage Bank: CBN Denies Plan To Revoke Licenses Of Three Other Banks
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Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Business > Heritage Bank: CBN Denies Plan To Revoke Licenses Of Three Other Banks
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Heritage Bank: CBN Denies Plan To Revoke Licenses Of Three Other Banks

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Last updated: June 4, 2024 10:59 am
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2 years ago
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In an apparent move to boost public confidence, the Central Bank of Nigeria (CBN) has denied a media report which claimed it is set to revoke the licenses of Unity Bank, Keystone Bank and Polaris Bank.

The apex bank, in a post via its official X account on Tuesday, urged members of the public to dismiss the report as fake news.

Sharing a screenshot of the publication, CBN wrote: “This content is fake and not from the Central Bank of Nigeria.”

The dismissal of the report comes on the heels of the decision by the CBN to revoke the operating license of Heritage Bank.

Meanwhile, the Nigeria Deposit Insurance Corporation (NDIC), has assured customers of banks in the country of the safety of their deposits and investments.

The NDIC assured the banking public that banks whose licenses have not been revoked remain safe and sound. It also urged depositors and other stakeholders to continue their banking businesses without fear.

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TAGGED:CBNHeritage BankLicenseNigeria banking sectorRevoke
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