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CBN denies Polaris Bank liquidation rumors amid recapitalization.
The Central Bank of Nigeria (CBN) has denied viral claims that Polaris Bank is facing liquidation due to recapitalization failure, calling the reports false.
The bank emphasized that the Nigerian banking system remains safe and secure, refuting allegations of a takeover by the Nigeria Deposit Insurance Corporation or a bid by billionaire Razaq Okoya.
The CBN confirmed that 33 banks have successfully met capital requirements and that the overall sector is stable.
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CBN niega los rumores de liquidación de Polaris Bank en medio de la recapitalización.