Tag: Union Bank

Court Witness Explains How Massive ₦9.3bn Hacking Fraud Hits Union Bank

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Court Witness Explains How Massive ₦9.3bn Hacking Fraud Hits Union Bank

Union Bank of Nigeria Plc, is reportedly embroiled in a massive financial scandal involving the alleged theft of ₦9.3 billion from customer accounts due to a breach in its core banking system. The incident, which occurred on March 23, 2025, has been described in court filings as “a massive operational failure,” resulting in unauthorized transfers…

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Crime Watch, Cyberspace and Security I, Financial Crimes

Why We Sacked Union, Keystone, And Polaris Boards — CBN

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Why We Sacked Union, Keystone, And Polaris Boards — CBN

The Central Bank of Nigeria has disclosed that the boards of Union Bank of Nigeria, Keystone Bank and Polaris Bank were dissolved because they committed infractions. The acting Director, Corporate Communications, Sidi Hakama, stated this in a statement released on Wednesday. In the release, the apex bank disclosed that the action became necessary as the…

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Finance and Economy

Our Acquisition Of Union Bank Was Legal And Transparent – Titan Trust Bank

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Our Acquisition Of Union Bank Was Legal And Transparent – Titan Trust Bank

Titan Trust Bank has debunked the allegation of illegally acquiring Union Bank. A report by a special investigator had alleged that former Central Bank of Nigeria (CBN), Governor Godwin Emefiele, used proxies to acquire Union Bank of Nigeria. The report also indicted a late ally of former President Buhari, Ismaila Isa Funtua, in the acquisitions…

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Finance and Economy