ACAMB educated content creator Unofficial Osas on CBN recapitalisation, leading to video retraction and improved public awareness of bank stability
The Association of Corporate and Marketing Professionals in Banks (ACAMB) has intervened to educate content creator Unofficial Osas following his misrepresentation of the Central Bank of Nigeria’s (CBN) recapitalisation process.
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The intervention followed Osas’ invitation by the Nigerian Police Force’s National Cyber Crime Centre in Abuja over a video posted on December 15, 2025, which falsely suggested 12 banks were shutting down due to recapitalisation requirements.
In a formal apology video, Osas clarified, “I would like to offer an official retraction of that video and want to reiterate that no bank is shutting down. Most banks have now met the ₦500 billion minimum capital base for international banks and ₦200 billion for national banks. I want to specifically appreciate ACAMB. They were very professional in handling this case and enlightened me on the recapitalisation process.”
ACAMB President Jide Sipe highlighted the Association’s commitment to protecting 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. By engaging Unofficial Osas, we ensured accurate information regarding the resilience and strength of our banks was disseminated to millions of Nigerians.”
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The resolution reinforces ACAMB’s role in promoting factual information, fostering sound banking habits, and maintaining public trust in Nigeria’s financial system.
David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.
