CBN and Polaris Bank Expose Fake Liquidation Rumors
The Central Bank of Nigeria and Polaris Bank have officially dismissed circulating rumors that Polaris Bank is being liquidated. Both institutions urged the public to ignore the false claims and reassured Nigerians that the banking system is safe and secure. The misinformation was spread by Femi Obanlekoko (aka Femzy), who has a track record of sharing fake news. In early April, he falsely claimed the Nigerian Customs Service had declared Aliyu Mohammed (known as Sarkin Mota) wanted. He later described that post as an April Fool’s joke after legal threats. Femzy also circulated baseless stories about actress Eniola Badmus and alleged misconduct by musicians Adekunle Gold and Simi. His previous fabrications prompted public apologies and warnings from those he targeted. Both the CBN and Polaris Bank emphasized the importance of verifying information before sharing and reminded everyone that their operations remain stable and fully operational.
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