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CBN Sacks Boards Of Four Nigerian Banks



BusinessDay is reporting that the Central Bank of Nigeria (CBN) has sacked the boards of four financial institutions including Keystone Bank.

The respective boards of the banks were dissolved after a meeting with officials of the central bank in Abuja.

According to BusinessDay, a source at one of the banks confirmed the sack but provided no details for the reason.

The move by the CBN might not be isolated from the special investigations into how the apex bank was run under Godwin Emefiele, the former governor who was ousted soon after President Tinubu took office last May.

Also, BusinessDay reported that it could confirm that the central bank is preparing an official statement.

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