The United Bank for Africa (UBA) has denied reports that it has been
banned by the Central Bank of Nigeria (CBN) over non-remittance of
NNPC/NLNG dollar deposits.
In a press statement issued by the bank’s corporate communications head,
Charles Aigbe, the bank stated: “Our attention has been drawn to report of
the ban of UBA from the foreign exchange market by the CBN over the
non-remittance of NNPC/NLNG dollar deposits.
“We wish to state very categorically that UBA has completely remitted all
NNPC/NLNG dollar deposits. “We thank all our numerous customers, business
partners and other stakeholders who have reached out to us on account of
this report.”
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