Central Bank of Nigeria denies rumors of revoking licenses of Fidelity, Polaris, Wema, and Unity Banks, assuring public of banking system's safety.

The Central Bank of Nigeria (CBN) has reassured the public about the safety of their deposits and the banking system's resilience, denying rumors that it is considering revoking the operating licenses of Fidelity, Polaris, Wema, and Unity Banks. The CBN has clarified that the rumors are fabrications intended to create panic, and emphasized that there are no plans to close these banks.

June 10, 2024
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