The Central Bank of Nigeria has dismissed reports from some quarters accusing it of rescinding the licenses of three financial institutions asides Heritage Bank.
The bankers’ bank cleared the air via a post on its official X account on Tuesday.
“The content is fake and not from the CBN,” it stated.
Earlier, the Apex Bank revoked the license of Heritage Bank PLC.
“The Central Bank of Nigeria, CBN, in accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020, hereby revokes the licence of Heritage Bank Plc with immediate effect,” the post canceling the license read.
“The Board and Management of the heritage bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability,” it added.
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