ACAMB Engages Content Creator Over Misinformation on CBN Recapitalisation

ByNewsmakers

Feb 22, 2026 #₦200 billion national banks requirement, #₦500 billion capital base requirement, #ACAMB intervention, #bank shutdown rumour Nigeria, #banking sector misinformation, #CBN recapitalisation policy, #Nigeria Police Cybercrime Centre, #Nigerian bank recapitalisation, #Nigerian banking sector stability, #Unofficial Osas apology video

Ololade Adeyanju/

In a move aimed at safeguarding public confidence and promoting accurate discourse within Nigeria’s financial ecosystem, the Association of Corporate and Marketing Professionals in Banks (ACAMB) has intervened to correct misinformation circulated by popular content creator, Unofficial Osas, regarding the Central Bank of Nigeria’s (CBN) recapitalisation policy.

The intervention followed a video posted by the influencer which inaccurately suggested that 12 banks had been shut down in connection with the CBN’s recapitalisation drive. The development reportedly led to his invitation by the Nigeria Police Force National Cybercrime Centre in Abuja.

ACAMB’s engagement resulted in the retraction of the misleading video, underscoring the Association’s commitment to public enlightenment and responsible financial communication.

In an official apology video, Unofficial Osas clarified his earlier claims.

“I was invited by the Nigeria Police Force National Cybercrime Centre in Abuja over the video I posted on December 15, where I spoke about 12 banks being shut down in relation to the CBN recapitalisation policy. I would like to offer an official retraction of that video and reiterate that no bank is shutting down.

“As a matter of fact, most banks have now met the ₦500 billion minimum capital base requirement for international banks and ₦200 billion for national banks under the recapitalisation framework. Therefore, no bank is shutting down. I want to specifically appreciate ACAMB. They were very professional in handling this case and did well to educate and enlighten me on the recapitalisation process. I am now better informed and know better,” he stated.

Commenting on the development, ACAMB President, Jide Sipe, reaffirmed the Association’s dedication to preserving the integrity of Nigeria’s banking sector.

“ACAMB stands for the restoration of professional banking ethics and public confidence through seamless information management and public enlightenment. We believe that an informed public is an empowered public. By constructively engaging Unofficial Osas, we ensured that accurate information regarding the resilience and strength of our banks was disseminated to the millions of Nigerians who follow him,” Sipe said.

The resolution highlights ACAMB’s evolving strategy to proactively manage financial narratives, strengthen trust in the banking system, and promote sound banking habits among Nigerians.