+WHY THE BANK MAY NOT SURVIVE CBN’S HAMMER Despite a denial syndicated in the media by Unity Bank Plc last weekend, financial statements of the bank in the last five years obtained from the Nigerian Exchange (NGX) Limited indicate that the lender is indeed troubled and distressed. In the syndicated press release, the Central Bank of Nigeria (CBN) was quoted to have said the banking industry, not Unity Bank, was in good health as the “Capital Adequacy Ratio (CAR) and the Liquidity Ratio (LR) both remained above their prudential limits…
Read MoreFORGET THE DENIALS: AUDITORS’ REPORT, STATISTICS REVEAL UNITY BANK IS IN SERIOUS FINANCIAL TROUBLE
