President Bola Tinubu, as majority shareholder in Wema Bank, reportedly plans to use it to take over Union Bank, Polaris Bank, and Keystone Bank, potentially becoming the largest bank in Nigeria, according to an online journalist, Jackson Ude.
Ude, in a tweet in his X handle, on Thursday,
alleged that just like Tinubu reportedly ‘cornered four oil blocks from Agip as soon as he assumed office as President, he plans to use Wema Bank where he is majority shareholder, to take over the assets of Union Bank, Polaris Bank and Keystone Bank.
According to him, “Insiders told me that the recent CBN appointment of new executives for the troubled banks is in preparation for the handing over of their assets to Wema Bank.
“When Wema Bank takes over the three Banks, they would become the biggest bank in Nigeria, dwarfing UBA, Zenith and Access Banks.
“Tinubu, through his several proxies, is a majority share holder in Wema Bank”, Ude claims.