Post by Proshare (@Proshare)

The CBN has formally appealed the March 25 ruling by a Lagos court that declared its January 2024 takeover of Union Bank unlawful. The apex bank has also filed for a stay of execution, warning that immediate enforcement risks disrupting the bank's operations.

https://proshare.co/articles/court-nullification-of-cbns-january-2024-intervention-in-union-bank-cbn-appeals-case?menu=Market&classification=Read&category=Mergers

The CBN has formally appealed the March 25 ruling by a Lagos court that declared its January 2024 ta...

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