Polaris Bank

2024 - 1 - 10

CBN Shakes Up Nigerian Banks: Polaris, Union, Keystone Boards Sacked

Banking Sector - CBN - Central Bank of Nigeria - Keystone Bank - Polaris Bank - Union Bank

CBN takes bold action in sacking boards of major Nigerian banks like Polaris, Union, and Keystone. Find out more here!

In a surprising move, the Central Bank of Nigeria (CBN) has taken drastic action by sacking the entire Board of Directors governing Polaris, Titan, Union, and Keystone Banks. This decision has sent shockwaves through the banking industry, emphasizing the importance of compliance and governance in financial institutions. The CBN reassured the public of the safety of depositors' funds, highlighting the strength and resilience of Nigeria's banking system.

This unprecedented shake-up saw the dissolution of the Board and Management of three prominent banks — Union Bank, Keystone Bank, and Polaris Bank. The CBN cited regulatory non-compliance and corporate governance failure as the reasons behind this bold move. The appointment of new executives for these banks signifies a fresh start and a commitment to restoring trust and stability in the banking sector.

Amidst the turmoil, Chris Afikulu, a first-class Mathematician, was appointed as the Executive Director of Polaris Bank, bringing a blend of expertise and innovation to the banking landscape. This appointment signals a strategic choice in leadership that aims to navigate the challenges and opportunities in the evolving financial environment.

In conclusion, the recent actions by the CBN highlight the ongoing efforts to streamline and strengthen the banking sector in Nigeria. The appointment of new executive officials and board members reflects a proactive approach towards enhancing governance and compliance standards. As the industry adapts to these changes, the focus remains on ensuring stability, trust, and sustainable growth in the financial landscape.

CBN sacks boards of Union, Titan, Keystone, Polaris banks (The Punch)

The Central Bank of Nigeria has sacked the entire Board of Directors governing Polaris, Titan, Union and Keystone Banks.

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Image courtesy of "Arise News"

CBN Sacks Boards of Union, Titan Trust, Keystone and Polaris ... (Arise News)

The apex bank however assured the public of the safety and security of depositors' funds. “Our banking system remains strong and resilient.”.

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Image courtesy of "Nairametrics"

CBN sacks boards of Union Bank, Keystone Bank, and Polaris Bank (Nairametrics)

The Central Bank of Nigeria (CBN) has officially dissolved the Board and Management of three prominent banks — Union Bank, Keystone Bank, and Polaris Bank.

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Image courtesy of "Businessday.ng"

CBN ousts boards of Union, Keystone, Polaris banks (Businessday.ng)

The Central Bank of Nigeria sacked the boards of Titan Trust, Union Bank, Keystone Bank and Polaris Bank today, BusinessDay can confirm...

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Image courtesy of "CHANNELS TELEVISION"

CBN Sacks Boards Of Union, Keystone And Polaris Banks (CHANNELS TELEVISION)

The Central Bank of Nigeria (CBN) has sacked the boards of Union Bank, Polaris Bank and Keystone Bank. Advertisement. The apex bank in a statement signed by its ...

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Image courtesy of "Leadership Newspaper"

JUST-IN: CBN Sacks Titan Trust, Union, Keystone, Polaris Bank ... (Leadership Newspaper)

In exercise of its regulatory powers, the Central Bank of Nigeria (CBN) has dissolved the Boards and managements of Titan Trust Bank, Polaris Bank, ...

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Image courtesy of "Premium Times"

UPDATED: CBN sacks boards of Union, Keystone, Polaris banks (Premium Times)

The CBN, in its statement Wednesday, accused the banks of regulatory non-compliance, corporate governance failure, among others.

CBN appoints new executives for Union, Keystone, Polaris banks (The Punch)

Following the dissolution of the Board and Management of Union Bank, Keystone Bank and Polaris Bank on Wednesday, January 10, the CBN has appointed new ...

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Image courtesy of "Nairametrics"

Polaris Bank: Timeline of events leading to sacking of its board (Nairametrics)

Polaris Bank Limited has had a 'checkered' history characterized by a series of financial woes and acquisitions.

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Image courtesy of "Nairametrics"

CBN appoints news executive officials for Union, Keystone and ... (Nairametrics)

The Central Bank of Nigeria has announced a new appointment of executive officers for Union Bank, Keystone Bank and Polaris banks following the dissolution ...

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Image courtesy of "Arise News"

CBN Appoints New Executives For Union, Keystone and Polaris ... (Arise News)

The CBN also appointed Hassan Imam as Managing Director/ Chief Executive of Keystone Bank as well as Chioma Mang as Executive Director. For Polaris Bank, Lawal ...

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Image courtesy of "Vanguard"

CBN appoints new executive officials for Union, Keystone, Polaris ... (Vanguard)

The Central Bank of Nigeria has announced a new appointment of executive officers for Union Bank, Keystone Bank...

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Image courtesy of "Nairametrics"

Chris Afikulu, the first-class Mathematician, appointed as new ED of ... (Nairametrics)

Chris Afikulu, an experienced banker has just been appointed as the Executive Director of Polaris Bank.

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Image courtesy of "Leadership Newspaper"

CBN Appoints New MDs For Union, Keystone, Polaris Banks (Leadership Newspaper)

Following the dissolution of the Board and Management of Union Bank, Keystone Bank and Polaris Bank on Wednesday, January 10, the Central Bank of Nigeria.

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Image courtesy of "TechCabal"

Nigerian Banking shakeup: Oni, Imam, Akintola take over Union ... (TechCabal)

The CBN has appointed new board members for three banks following the dissolution of previous board members yesterday.

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Image courtesy of "Nairametrics"

CBN appoints new executive officials for Union, Keystone and ... (Nairametrics)

The Central Bank of Nigeria has announced a new appointment of executive officers for Union Bank, Keystone Bank and Polaris banks following the dissolution ...

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Image courtesy of "Techpoint Africa"

Why the CBN appointed new executives for Union, Keystone, and ... (Techpoint Africa)

The newly appointed executives are: Union Bank. Yetunde Oni — Managing Director/Chief Executive Officer. Mannir Ubali Ringim — Executive Director. Keystone Bank.

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Image courtesy of "Businessday.ng"

Meet the new directors of Polaris Bank (Businessday.ng)

Following the ouster of Polaris Bank's directors, among others, the Central Bank of Nigeria (CBN) named Lawal Mudathir Omokayode Akintola...

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Image courtesy of "Internatinal Centre For Investigative Reporting"

CBN sacks Union, Keystone, Polaris banks' boards over infractions (Internatinal Centre For Investigative Reporting)

THE Central Bank of Nigeria (CBN) has dissolved the board and management of Polaris Bank, Union Bank and Keystone Bank for various infractions.

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