CBN Dissolves Boards of Union, Keystone, and Polaris Banks
The Central Bank of Nigeria (CBN) has undertaken a significant supervisory action, dissolving the boards and management of Union Bank, Keystone Bank, and Polaris Bank. This decision stems from concerns regarding the banks’ adherence to regulations and corporate governance principles. The CBN cited non-compliance with specific provisions of Section 12(c), (f), (g), and (h) of […]