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The Central Bank of Nigeria (CBN) has appointed new executives for Union Bank, Keystone Bank, and Polaris Bank. The development is contained in a statement signed on Wednesday by the CBN acting Director of Corporate Communications, Sidi Ali Hakama. She said the appointments follow the dissolution of the board and management team of the three […]
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The Central Bank of Nigeria has sacked the entire boards of Polaris bank, Titan bank, and Keystone Bank. According to sources within the apex bank, the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso. The action follows the recommendation of the Special Investigator, Jim Obazee, appointed by President Bola […]
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Jim Obazee, a investigator appointed by president Bola Ahmed Tinubu to look into the activities of the Central Bank of Nigeria (CBN), has disclosed that the government is set to reclaim 2 banks that were illegally sold to the former CBN governor, Godwin Emefiele. According to the report, Emefiele used proxies to acquire Union Bank […]
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Tunde Lemo, former Deputy Governor of Central bank is the new owner of Union Bank. He is also the owner of Titan Trust Bank (TTB). Reports say that the board of Union Bank Nigeria Plc on Thursday, notified NGX and Security Exchange Commission of the takeover. According to the Board of Union Bank, its investors, […]
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Zenith Bank, Access Bank a number of other African and Middle East financial institutions have indicated interest in acquiring Union Bank and other assets of its holding group, Atlas Mara Group, a Pan-African banking Group. Reports say that Atlas Mara has been working with Rothschild & Co to consider options for its Union Bank stake. […]
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