The Central Bank of Nigeria (CBN)said it has no plans to revoke the licences of Unity, Polaris, and Keystone banks.

An online report had claimed that the CBN would withdraw the licences of the three banks, following the revocation of Heritage Bank’s licence.

However, in a post on its social media pages on Tuesday, the apex bank said the content was not from the CBN.

“The content is fake and not from the CBN,” the post reads.The Nation reported the CBN on Monday, June 4, revoked the licence of Heritage Bank.

According to the CBN, the decision was made due to the bank’s inability to improve its financial performance.

“The Board and Management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability,” the bank said.

However, the apex said Heritage Bank had not improved and “has no reasonable prospects of recovery”, thereby making revoking the licence the next necessary step.

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