By Damilare Adeleye
In what seems as a move towards the implementation of the report of Jim Obazee, Special Investigator on Central Bank of Nigeria (CBN) and Related entities, the Central Bank of Nigeria has dissolved the board and management of four commercial banks
The banks include Titan Trust Bank, Union Bank, Polaris Bank, and Keystone Bank.
The decision to dissolve the boards was taken after a meeting between Yemi Cardoso, Obazee, and the board and management of the four banks.
It was reported that the dissolution is coming after the investors in Titan Trust Bank refused to honour the invitation to a meeting with the Special Investigator.
All the four banks are involved in the special investigations on how the CBN was run under Godwin Emefiele.
Union Bank of Nigeria Plc and Titan Trust Bank (TTB), is facing an uncertain future following the special investigation report on the activities of the central bank under Godwin Emefiele.