Friday, June, 11,2021 The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, the Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, described it as, “fake news” and should be discarded in its entirety
Obinna Chima
The Central Bank of Nigeria (CBN) yesterday described as “fake news,” a media report that it was considering nationalising Unity Bank Plc.
CBN’s spokesman, Osita Nwanisobi, in a statement advised customers and other stakeholders of the bank to disregard the report, describing it as the handiwork of mischief makers.
He said: “The report is fake news. There is iota of truth in it.”
He added that the public should disregard such news.
The report had claimed that the apex bank’s target examination of Unity Bank showed that the Tier 2 lender is in ,”grave financial condition”, with Capital Adequacy Ratio (CAR) and Non- Performing Loans (NPL) ratio that breach prudential standards.
The Streetjournal Magazine is an online investigating media house that specializes on systematic, serious crimes, political corruption or corporate wrongdoing.