The Central Bank of Nigeria (CBN) has responded to the Federal High Court judgement delivered on March 25, 2026, in Lagos regarding its regulatory intervention on Union Bank of Nigeria (UBN) in January 2024.
Newsonspot reports that in an official statement issued by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank confirmed that it is currently obtaining the Certified True Copy of the judgement for thorough review. The CBN emphasized its firm commitment to due process and respect for the rule of law.
The Bank reassured the public that Union Bank’s operational status remains unchanged. It affirmed that the financial institution is fully capable of meeting its obligations to customers, depositors, and other stakeholders.
Reiterating its regulatory mandate, the CBN stated that it will continue to provide oversight to ensure that Union Bank operates in a safe, sound, and stable manner. The apex bank also stressed its dedication to maintaining confidence in Nigeria’s financial system through transparent and lawful actions.
