President Bola Tinubu has taken action on the findings of the Special Investigator on the Central Bank of Nigeria (CBN) and related entities, Jim Obazee. He has dissolved the board and management of Titan Trust Bank, along with three other entities.
The others are Union Bank, Polaris Bank, and Keystone Bank.
The decision to dissolve the boards was made after a meeting between Yemi Cardoso, Obazee, and the boards and management of the four banks.
It would be recalled that the investors in Titan Trust Bank refused to honour the invitation to a meeting with the Special Investigator.
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