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EXCLUSIVE: CBN To Revoke Licences Of UnityBank, Keystone, Polaris

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Following the revocation of the licence of Heritage Bank, the Central Bank of Nigeria (CBN) is set to also terminate the licences of three other banks, our correspondent has been reliably informed.

The three affected banks are UnityBank, Keystone Bank and Polaris Bank, a reliable source in the apex bank informed TheScrutinyNG on Monday.

Our correspondent gathered that the affected banks “have been on life support for a long time and the CBN has no choice than to stop the treatment as they have no chances of survival”.

” The truth is, it took great pain for the CBN to announce the revocation of the licence of Heritage Bank. They did it as a last resort because they believe that doing so may send panic among Nigerians, which may in turn, have a negative impact on the economy”.

” In the next few days, the revocation of the licences of UnityBank, Keystone Bank and Polaris Bank will also be announced. There is a need to clean the Aegean stable before the recapitalisation exercise of the existing banks which is inevitable”.

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TheScrutinyNG also gathered that CBN spent billions of naira to rescue corporate clients who deposited funds with Heritage Bank.

When asked if the CBN will pay customers who have deposits with the defunct Heritage Bank, our source said depositors with billions of investments have already been taken care of.

” The CBN has already rescued corporate clients with Heritage Bank. I am talking of those with billions not small savers. For the small savers, let’s see what the NDIC will do but as you know that usually takes a long time” he said.

Efforts made to reach Sidi Hakama, the Acting Director, Corporate Communications, proved abortive as several calls to her line were not answered.

Our correspondent also sent text messages to her line which were not responded to.

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Finance correspondents covering the activities of the CBN said she has a penchant for not responding to emquiries.

Recall that in January this year, the CBN sacked the boards of Union Bank of Nigeria, Keystone Bank and Polaris Bank over infractions. The apex bank said that the action became necessary as their actions posed a threat to financial stability.

CREDIT: thescrutinyng

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Nigerian Govt shuts Eko Bridge, ramps for 8-week repairs

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The Federal Government has announced the closure of the Eko Bridge and Ramps for eight weeks to carry out essential asphalt resurfacing work.

Mrs. Olukorede Kesha, the Federal Controller of Works in Lagos, shared this information in a statement on Saturday. She noted that the resurfacing project is set to begin on Friday, September 20, at 7:00 a.m., and will continue until November 20.

Due to the closure, drivers will need to follow detours and alternative routes. Kesha advised that motorists traveling to the Island from Funsho Williams Avenue should utilize the service lane at Alaka to connect to Costain and access the Eko Bridge.

She explained that some sections of the bridge will be fully closed while others will have partial access.

“This important project aims to enhance road safety and improve the driving experience for motorists,” she stated. The work will involve milling the existing asphalt and laying down new asphalt on both the bridge and ramps to address wear and tear and create a smoother, safer roadway.

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Gov Adeleke appoints new Governing Council Chairman for Osun College of Education

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Osun State Governor, Ademola Adeleke, has appointed Akinwale Sarafadeen Adeyemi as the new Chairman of the Governing Council for Osun State College of Education in Ila-Orangun.

The announcement was made in a statement on Friday by Governor Adeleke’s spokesperson, Olawale Rasheed. The statement described Adeyemi as an experienced educationist and noted that he will succeed Peter Babalola, the former chairman, who was dismissed by the state government earlier this month.

Babalola, who was also a member of the Peoples Democratic Party (PDP) in the state, faced suspension from his local ward in Irewole due to public criticism over alleged financial misconduct before his removal.

The statement highlighted, “Governor Ademola Adeleke has approved the appointment of Mr. Akinwale Sarafa Adeyemi, a seasoned educationist, as the new Chairman of the Governing Council of Osun State College of Education, Ila-Orangun. Mr. Adeyemi replaces Dr. Peter Babalola, who resigned following a controversial term at the college.”

Adeyemi holds both a bachelor’s and a master’s degree in Education from the University of Ibadan and is a retired principal of the Federal Girls College in Ipetumodu. His swearing-in ceremony is scheduled for 10 a.m. on Monday at the EXCO lounge.

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Edo Decides: Police arrest armed political thugs ahead of election

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The police have reported that their operatives apprehended political thugs and seized firearms during overnight operations in Edo State, where the governorship election is taking place today, Saturday.

They also vowed to address illegal weapons possession and prevent any disruptions to the electoral process in the state.

Prince Olumuyiwa Adejobi, the Force Public Relations Officer, shared this information in a statement on Friday night, along with images of the recovered firearms.

He identified the arrested individuals as Edwin Obanor, 43, and Audu Tajudeen, a 41-year-old PDP member from Ugbogbo quarters in Igara Akoko, Edo.

“The Nigeria Police Force has made a significant breakthrough in combating electoral violence in Edo State with the arrests of Edwin Obanor, 43, and Audu Tajudeen, a 41-year-old PDP member,” the statement noted.

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According to DAILY POST, residents of Edo State will be voting for a new governor today, September 21, 2024, who will succeed Governor Godwin Obaseki after his eight-year term ends.

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