Unity Bank Dissolution Looms: Shareholders Face Crucial Merger Vote

A Federal High Court ruling has set the stage for Unity Bank Plc’s potential dissolution, prompting a crucial shareholder vote on a proposed merger with Providus Bank Limited. The court ordered a meeting of shareholders to consider and approve the merger, scheduled for September 26, 2025, at the OOPL Hotel in Abeokuta, Ogun State. The order directs a detailed explanation of the merger scheme, outlined in the accompanying Scheme Document, to be shared with shareholders.