The Central Bank of Nigeria (CBN) has firmly debunked circulating reports suggesting that Polaris Bank is facing liquidation over an alleged failure to meet new recapitalisation requirements.
The rumours, which gained traction on social media, originated from a post by an X (formerly Twitter) user known as Femzy. The post claimed that Polaris Bank was on the brink of being wound up and risked having its operating licence revoked by the apex bank.
However, the CBN has dismissed the claims as entirely false and misleading, urging the public to disregard such unverified information. The regulator reaffirmed its commitment to maintaining stability within Nigeria’s banking sector and cautioned against the spread of disinformation capable of undermining public confidence in financial institutions.
The development highlights the growing concern over the rapid spread of unsubstantiated financial rumours online, and the potential risks they pose to both consumers and the wider economy.
