As a long-term customer of Union Bank, the bank just demonstrated why it has been in business for 106 years! Yes, customers should not panic even though the Board has been dissolved and new management tasked to run the commercial lender.
Good People, one thing Nigeria does not need now is a bank run. And from all indications, there is no reason to panic as depositors, even though investors in the bank will likely have a bad Christmas or Sallah in 2024 when all the dust has settled.
Union knows how to write great lines: “to ensure a stable and effective banking sector”, your board was fired and management replaced. Do not mess with Nigerian regulators! Wisdom 2.0 there.
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As a long-term customer of Union Bank, the bank just demonstrated why it has been in business for 106 years! Yes, customers should not panic even though the Board has been dissolved and new management tasked to run the commercial lender.
Good People, one thing Nigeria does not… pic.twitter.com/KEDMyz9Eqo
— Ndubuisi Ekekwe (@ndekekwe) January 11, 2024
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