27th September, 2010
The management of Olive Microfinance Bank has debunked media reports that the licence ofÂ the bank was revoked by the Central Bank of Nigeria, CBN, along with other banksÂ recently.
The bank said that there was a mix up as its licence has not been revoked. According to aÂ statement signed by theÂ bank’s Deputy Managing Director, Eniola Agbesoyin,â€œthe Board ofÂ Directors and the Management of Olive Microfinance Bank Limited have taken steps toÂ address this mix up with relevant regulatory authorities.
â€œAs a good corporate citizen, we trust in the ability and objective of the Central BankÂ of Nigeria in bringing sanity into the financial sector. We therefore implore all ourÂ stakeholders and customers to remain calm as their investments/deposits are safe with usÂ and will be paid on demand.â€
Olive Microfinance Bank also called for understanding and continued patronage.