After Union Bank, Titan Trust, Keystone, and Polaris Banks were taken over by the federal government, Shehu Sani, a PDP member and former Kaduna congressman, granted his consent. The suggestions given by Jim Obazee, a Special Investigator dispatched by President Bola Tinubu in July 2023 to examine the activities of the Central Bank of Nigeria (CBN) and other relevant entities, resulted in this determination. CONTINUE FULL READING>>>>>
As reported by PUNCH, the CBN has removed the entire Board of Directors overseeing Polaris, Titan, Union, and Keystone Banks. An anonymous source revealed that an official communication from the bank would be forthcoming, stating, “In the next hour, there is going to be official communication from the bank. We are working on it, and an official statement will be sent soon.”
Taking to his social media platform, Shehu Sani, on his X handle (formerly Twitter), expressed his support for the government’s move, describing the takeover of the banks implicated in the CBN scandal as a “welcome development.” Sani’s post reflects a positive stance on the actions taken by the Federal Government regarding the financial institutions involved, adding to the ongoing discourse surrounding the situation. CONTINUE FULL READING>>>>>
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