The Central Bank of Nigeria (CBN) says it remains committed to acting in accordance with its mandate and established legal processes.
VDCInsights reports that the apex bank said it is currently obtaining the Certified True Copy of the judgment of the Federal High Court and will review it carefully, and reaffirmed its unwavering commitment to the rule of law.
The CBN was reacting to the judgment delivered on Wednesday, March 25, 2026, by the Federal High Court in Lagos concerning its regulatory action on Union Bank of Nigeria Plc (UBN) in January 2024.
In a statement signed by its Acting Director Corporate Communications, Hakama Sidi-Ali, the CBN assured the public that UBN’s status is unchanged and that it remains fully capable of meeting its obligations to customers, depositors, and all stakeholders.
The statement further said ” The CBN will continue to provide the necessary regulatory oversight to ensure Union Bank operates in a safe, sound, and stable manner, while maintaining public confidence in the financial system.”
