The Central Bank Of Nigeria (CBN) Has Denied Plans To Nationalize Unity Bank

A media allegation that the Central Bank of Nigeria (CBN) was considering nationalizing Unity Bank Plc was dismissed as “fake news” by the CBN yesterday. In a statement, CBN spokesman Osita Nwanisobi advised customers and other stakeholders to disregard the report, describing it as the work of swindlers. “The report is fake news,” he remarked. It contains an iota of truth.” He went on to say that such information should be ignored by the general population. According to the report, the apex bank’s targeted investigation of Unity Bank revealed that the Tier 2 lender is in “grave financial condition,” with […]