The Central Bank of Nigeria has refuted the rumours making the round that it is set to revoke the licenses of the following banks, Wema, Polaris and Unity like it did last week to Heritage Bank.
The acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali, on Monday, made this clarification in a statement.
Recall that a circular made the round on Monday suggesting that the apex bank has dissolved the boards of the three banks barely after revoking the license of Heritage Bank.
However, the apex bank spokesperson described the claim as false.
CBN reassured members of the banking public of the safety of their deposits and the banking system’s resilience.
“Without prejudice to the ongoing recapitalization process, I want to restate that the Nigerian banking industry remains resilient.
“Key financial soundness indicators remain within current regulatory thresholds.
“Customers are, therefore, encouraged to proceed with their transactions as usual, as the CBN is committed to ensuring the safety of the banking system,” she stated.
On June 3, CBN announced the withdrawal of license for Heritage Bank over poor financial performance.
To quell public panic, the Nigerian Deposit Insurance Corporation, NDIC assured Heritage Bank depositors that it had already begun the process of repaying their money.
The NDIC also reported that it has started paying customers of Heritage Bank whose operating license was hammered.
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