CBN Sacks Boards Of Titan Trust, Union, Keystone, Polaris Banks

In line with the report  and recommendation of the Special Investigator on Central Bank of Nigeria (CBN) and Related entities, Jim Obazee  Central Bank of Nigeria (CBN) has dissolved  the boards and managements of Titan Trust Bank, Union Bank, Keystone Bank and Polaris Bank.

The decision to dissolve the boards was taken after a meeting between Yemi Cardoso, Obazee, and the board and management of the four banks.

It would be recalled that the investors in Titan Trust Bank refused to honour the invitation to a meeting with the Special Investigator.

More to follow…