The Central Bank of Nigeria and Polaris Bank have refuted claims that the bank is facing liquidation and a possible takeover by billionaire businessman Razaq Okoya, saying the information being circulated is inaccurate.
The rumour, which gained traction on X, was shared by a user identified as @Femzydr1, who claimed that Polaris Bank was undergoing liquidation for failing to meet the recapitalisation requirements set by the CBN, which ended on March 31.