Court voids CBN’s takeover of Union Bank’s board

The Federal High Court in Lagos has declared that the Central Bank of Nigeria (CBN) acted outside its statutory authority in dissolving the board and management of Union Bank of Nigeria Plc, noting that the regulator acted beyond its powers. Delivering judgement on Wednesday in a suit marked FHC/L/MISC/1377/2025, the judge, Chukwujekwu Aneke, held that […]

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