Nigeria’s financial authorities have moved quickly to calm concerns following false claims that is being liquidated.

“The Central Bank of Nigeria and Polaris Bank have debunked fake news that Polaris Bank is being liquidated. The fake news was shared by a notorious fake news peddler Femi Obanlekoko (aka Femzy).

Central Bank of Nigeria @CenBank

This content is fake. Let the public be guided. The Nigerian Banking System is Safe and Secure

Polaris Bank Ltd @PolarisBankLtd

🚨 FAKE NEWS ALERT 🚨
Ignore this misinformation circulating online.”

Official Response

The (CBN) issued a clear statement dismissing the claim, reassuring the public that the banking system remains stable and secure.

Polaris Bank also flagged the report as false, urging customers and stakeholders to ignore the misinformation.

Why It Matters

Rumours about bank liquidation can trigger panic, especially in a sensitive financial environment. Quick clarification from regulators helps prevent:

• Unnecessary withdrawals

• Loss of public confidence

• Market instability

The Bigger Issue: Fake News

This incident highlights the growing challenge of misinformation in the digital space. Unverified claims, especially about critical sectors like banking, can spread rapidly and cause real-world consequences.

What to Do

• Verify information through official channels

• Avoid sharing unconfirmed reports

• Rely on statements from regulators and credible institutions

For now, both the CBN and Polaris Bank have made it clear: the liquidation claim is false, and the system remains intact.