The Central Bank of Nigeria announced that it will review the recent court ruling concerning Union Bank of Nigeria Plc, emphasizing that the bank remains stable and continues to operate normally.

The disclosure was made on Wednesday in a press statement by the Acting Director of Corporate Communications, Hakama Sidi Ali.

The CBN noted that the Federal High Court in Lagos delivered the judgment on March 25, 2026, in connection with the apex bank’s regulatory actions involving Union Bank dating back to January 2024.

The statement read, “The Central Bank of Nigeria (CBN) acknowledges 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.”

The bank stated that it is carefully assessing the ruling before deciding on the appropriate course of action.

“The Bank is currently obtaining the Certified True Copy of the judgment and will review it carefully, reaffirming its unwavering commitment to the rule of law,” CBN added.

The CBN however affirmed that Union Bank’s operational status remains unchanged, seeking to ease any market concerns despite the legal development.

“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,” it stated.

The apex bank also reiterated its role as regulator, stressing that its oversight of the financial system remains steadfast.

“As the apex regulatory authority, the CBN remains committed to acting in accordance with its mandate and established legal processes,” the statement added.

Last year, the CBN reportedly dissolved the boards and management of Union Bank, Keystone Bank, and Polaris Bank over alleged breaches of key regulatory requirements.

However, the Federal High Court in Lagos reportedly overturned the CBN’s removal of Union Bank’s board and management, reinstating its core shareholders.