{"id":112369,"date":"2024-06-04T17:32:25","date_gmt":"2024-06-04T16:32:25","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=112369"},"modified":"2024-06-04T17:32:25","modified_gmt":"2024-06-04T16:32:25","slug":"cbn-denies-plans-to-revoke-unity-polaris-keystone-banks-licences","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/cbn-denies-plans-to-revoke-unity-polaris-keystone-banks-licences\/","title":{"rendered":"CBN denies plans to revoke Unity, Polaris, Keystone banks\u2019 licences"},"content":{"rendered":"
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The Central Bank of Nigeria has denied plans to revoke the licenses of Unity Bank, Polaris Bank, and Keystone Bank.<\/p>\n

\u201cThe content is fake and not from the CBN.\u201d<\/p>\n

Online reports had claimed that the apex bank would terminate the licenses of the three banks, following the revocation of Heritage Bank\u2019s license.<\/p>\n

However, the CBN has debunked this claim in a post on its social media handles, stating that it has no plans to do so.<\/p>\n

Pointblanknews.com reported that the CBN had revoked Heritage Bank\u2019s license, citing the bank\u2019s inability to improve its financial performance.<\/p>\n

\u201cThe Board and Management of the bank have not been able to improve the bank\u2019s financial performance, a situation which constitutes a threat to financial stability,\u201d the bank said.<\/p>\n

The CBN added that Heritage Bank had not shown any prospects of recovery, making the revocation of its license necessary.<\/p>\n

The Nigeria Deposit Insurance Corporation has been appointed as the liquidator of the bank, in line with Section 12 (3) of the Banks and Other Financial Act 2020 and has begun the process of repayment of deposits to customers\u00a0already.<\/p>\n

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The Central Bank of Nigeria has denied plans to revoke the licenses of Unity Bank, Polaris Bank, and Keystone Bank. \u201cThe content is fake and not from the CBN.\u201d Online…<\/p>\n","protected":false},"author":1,"featured_media":112370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-112369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\nCBN denies plans to revoke Unity, Polaris, Keystone banks\u2019 licences - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/cbn-denies-plans-to-revoke-unity-polaris-keystone-banks-licences\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN denies plans to revoke Unity, Polaris, Keystone banks\u2019 licences - 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