Information reaching Kossyderrickent has it that FG sacked the entire board of Polaris bank, Titan bank.
The Central Bank of Nigeria has, with immediate effect, sacked the entire Board of Directors governing Polaris, Titan, Union and Keystone Banks.
CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso, on Wednesday in Abuja.
The source who pleaded anonymity, hinted that an official statement dissolving the board of directors will be sent shortly.
The source said, “In the next hour, there is going to be official communication from the bank. We are working on it and an official statement will be sent soon.”
All four banks are involved in the special investigations into how the CBN was run under Godwin Emefiele, the former governor who was ousted soon after President Tinubu took office last May.
BusinessDay can also confirm that the central bank is preparing an official statement.
The Central Bank of Nigeria has repeatedly sacked the entire board of Polaris bank, Titan bank, and Keystone Bank.
CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso.
The action follows the recommendation of the Special Investigator, Jim Obazee, appointed by President Bola Tinubu in July 2023, to probe the activities of the CBN and other relevant establishments.
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