The Acting Director, Corporate Communications Department of the CBN, Hakama Sidi-Ali, gave the assurance in a statement on Wednesday. According to Sidi-Ali, the assurance was informed by reports about a recommendation for the Federal Government to take over some CBN-supervised financial institutions.
The News Agency of Nigeria (NAN) reports that there have been unconfirmed reports by some media outlets about plans by the CBN to take over Titan Trust Bank (former Union Bank) and Keystone Bank.
This is allegedly linked to a report by Jim Obazee, CBN’s special investigator, that former governor of the apex bank, Godwin Emefiele, used his proxies to acquire the two financial institutions.
