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Claim: A media outlet reports that the Central Bank of Nigeria (CBN) plans to revoke the licenses of Unity Bank, Keystone, and Polaris.
Verdict: False. The Central Bank of Nigeria (CBN) has debunked the report as false, as there is no plan to revoke the licences of Unity, Keystone, and Polaris Bank.
Full Text
On Monday, June 3, 2024, the Central Bank of Nigeria (CBN) revoked Heritage Bank Plc’s banking licence. The revocation resulted from the bank’s board and management’s inability to improve its financial performance.
However, The Scrutiny published a report on June 3, 2024, claiming that the CBN plans to revoke the licences of Unity, Keystone, and Polaris Bank. The news outlet also posted the report via its X handle.
Due to the sensitivity of the report, DUBAWA decided to verify it.
Verification
DUBAWA conducted a Google search to verify the claim, but no credible media outlet has published a report corroborating it.
We went further to check the official X page of the Central Bank of Nigeria (CBN) to confirm the assertion and found no statement or post validating the claim. Instead, a debunked report was seen where the claim was crossed as “Fake content”
Moreover, we also came across reports by some credible media outlets debunking the claim as false here, here, and here.
Conclusion
Our findings show that CBN did not revoke the licenses of Unity Bank, Keystone, and Polaris, as reported by The Scrutiny; the claim is false.
