Analysts speak on implications of CBN’s sack of Union, Keystone, Polaris banks’ CEOs

The Central Bank of Nigeria (CBN) late Wednesday announced the dissolution of the boards and management of Union Bank, Polaris Bank and Keystone Bank.

Hours later, it appointed new executives (two each) to “oversee the affairs of the banks”, ostensibly till the time new boards and management will be reconstituted.

All three banks are privately owned.

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