HomeNewsCBN yarn say Polaris Bank liquidation na fake news, system dey safe

CBN yarn say Polaris Bank liquidation na fake news, system dey safe

Wetin dey happen? For dis internet world wey fake news dey fly like bird, Central Bank of Nigeria don come out clear clear to debunk one serious gist wey dey trend online. Dem say Polaris Bank Limited dey for liquidation, but CBN yarn say na pure lie.

How e start? One post for X, dat social media platform, just blow. E claim say Polaris Bank no meet recapitalisation requirements wey CBN set. According to di viral post, di bank go soon fall under Nigeria Deposit Insurance Corporation for liquidation. Even talk say dem fit revoke dia operating licence. Na serious matter o!

But CBN no dey carry last. Dem quickly share screenshot of di viral claim and label am as false content. Dem write clear for public to see: “This content is fake. Let the public be guided. The Nigerian Banking System is Safe and Secure.” Na strong statement be dat.

Di fake news no stop there. E still add another layer by suggesting say billionaire businessman Razaq Okoya dey set to acquire Polaris Bank after di alleged liquidation. CBN come debunk dat narrative too. Dem yarn say such claims no reflect di current state of di bank or di wider financial sector at all.

Polaris Bank sef don talk. Through dia official channels, dem brand di rumours as fake news. Dem assert say dia operations dey stable and uninterrupted. No shaking, no quaking.

Why CBN respond quick quick like dis? Di apex bank want to prevent panic. Dem want to reassure depositors and investors about di resilience of Nigeria’s financial system. Especially now wey recapitalisation efforts dey ongoing for di sector. Na to maintain confidence be di main target.

Di lesson here? Before you believe wetin you see for social media, check well well. Fake news fit cause wahala wey nobody need. CBN don do dia work to set record straight. Polaris Bank dey stand. Di system dey safe. Make we all breathe easy and continue our normal business.


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Abullahi Ahmed
Abullahi Ahmedhttps://nnn.ng/
Abdullahi Ahmed na reporter for NNN. NNN dey publish hot-hot tori for Nigeria and around di world for naija pidgin language so dat every Nigerian go fit follow national news, no mata dia level of school. NNN dey only publish tori wey be true-true, wey get credibility, wey dem fit verify, wey get authority, and wey dem don investigate well-well.
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