Just In : CBN gives fresh update on unity bank and keystone bank license withdrawal
CBN denies withdrawing licences of Unity, Keystone Banks
The Central Bank of Nigeria (CBN) has denied withdrawing the licences of Unity Bank and Keystone Bank.
A circular, purportedly from the CBN, had been shared on social media, advising all affected customers to withdraw their money from the banks using an automated teller machine (ATM) card or transfer their funds to another bank before it is too late.
CBN has withdrawn the licences of Heritage Bank, Unity Bank and Keystone Bank respectively,” the circular had said.
“All the customers affected should try and withdraw all their money there using ATM CARD Or transfer all the money to another bank now before it will be too late.
“Please let’s circulate this information to our colleagues, family and friends. Let’s be of help to others.”
However, in a post on X on Wednesday, CBN said it did not issue any circular announcing the withdrawal of licences of the banks.
The CBN said the viral circular was fake and intended to mislead the public.
On June 3, CBN announced the revocation of Heritage Bank’s licence with immediate effect.
The regulator said the decision followed the bank’s inability to improve its financial performance.
Following the revocation, some reports online claimed that the apex bank would terminate the licences of Unity Bank, Polaris Bank, and Keystone Bank.
However, on June 4, CBN said the content was not authentic, adding that it has no plans to revoke the licences of the three banks.
On June 10, CBN assured the public that the banking system and depositors’ funds were safe.
