The Central Bank of Nigeria, CBN has restated its commitment to ensuring the safety and soundness of the Nigerian banking system, assuring that Union Bank Nigeria’s status remains unchanged as a full fledged commercial banking institution in Nigeria.

A statement from the Central Bank of Nigeria (CBN) which acknowledged the judgment delivered on Wednesday, March 25, 2026, by the Federal High Court in Lagos concerning its regulatory action on Union Bank of Nigeria Plc (UBN) in January 2024, says it is currently in the process of obtaining the Certified True Copy of the judgment and will review it carefully.

Meanwhile, the apex regulatory authority notes that it remains committed to acting in accordance with its mandate and established legal processes, it also reaffirmed its unwavering commitment to the rule of law.

The CBN assures the public that UBN’s status is unchanged and that it remains fully capable of meeting its obligations to customers, depositors, and all stakeholders.

The apex bank insists it will continue to provide the necessary regulatory oversight to ensure Union Bank operates in a safe, sound, and stable manner, while maintaining public confidence in the financial system.