CBN Speaks on Withdrawing Licences of Two Popular Banks

The Central Bank of Nigeria (CBN) has denied reports about withdrawing the licences of Unity Bank and Keystone Bank.

A circular, reportedly from the CBN, made rounds on social media, advising all affected customers to withdraw their money from the banks using an automated teller machine (ATM) card or transfer their funds to another bank before it is too late.

The circular read, “CBN has withdrawn the licences of Heritage Bank, Unity Bank and Keystone Bank respectively,” the circular had said.

“All the customers affected should try and withdraw all their money there using ATM CARD Or transfer all the money to another bank now before it will be too late.

“Please let’s circulate this information to our colleagues, family and friends. Let’s be of help to others.”

However, in a post via its X handle, CBN denied issuing any circular announcing the withdrawal of licenses of the banks.

The CBN said the viral circular was fake and intended to mislead the public.

The post read, “This is intended to mislead the general public. It has nothing to do with the Central Bank of Nigeria. Please be guided.”