How Unity Bank’s Non-Performing Loans Soared From N10Billion To N177Billion In One Year, With Ex-Directors Shagaya, Etuh Owing Over N7Billion
In August 2024, the Central Bank of Nigeria (CBN) announced the merger of Unity Bank and Providus Bank to stabilise the country’s financial sector and mitigate potential risks. A review of Unity Bank’s recently published 2023 financial statement by SaharaReporters has exposed the severity of its financial challenges, highlighting its struggle to remain operational. The…