Regulatory Alerts2026-03-25 | CCDPress Release- CBN Reaffirms Oversight, Assures Stability of Union Bank After court Ruling
The Central Bank of Nigeria (CBN) acknowledged a recent court judgment concerning its January 2024 regulatory action on Union Bank of Nigeria Plc (UBN). While reviewing the judgment's specifics, the CBN immediately assured the public that UBN's operational status remains unchanged, emphasizing its capability to meet all obligations to customers and stakeholders. The CBN further committed to ongoing regulatory oversight to ensure Union Bank's stable operation and maintain public confidence despite the recent legal development.
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