Online reports, not by TimesNow.com.ng, claimed that the central bank would revoke the licenses of the three banks, similar to Heritage Bank.
In reaction, CBN posted on its social media pages on Tuesday, June 4, that the content first published by the Scrutiny was fake.
The post reads:
TimesNow.com.ng had reported the CBN on Monday, June 4, revoked the licence of Heritage Bank.
According to the CBN, the decision was made because the bank had failed to improve its financial performance.
CBN, in a statement, said:
The closure of Heritage Bank has led to rumours that the CBN will turn attention to other commercial banks.
Social media users have reacted to the fake news that the CBN will revoke the licenses of Unity, Polaris and Keystone banks.
@olumidecapital:
@oshinterbz:
@luxlyangels:
Earlier, TimesNow.com.ng reported that Ernst and Young, an accounting firm based in the United Kingdom, suggested that only 17 out of 24 banks in Nigeria will meet the Central Bank of Nigeria (CBN) ‘s capital requirement if raised 15 times from their current N25 billion.
The report also noted that options available to banks outside CBN requirements include mergers and outright acquisitions.
Source: TimesNow.com.ng
