Unity Bank is a Nigerian multinational bank that was founded in 2016 by Tom Jones. The bank has its headquarters in Lagos, Nigeria and operates across various cities in the country.
As of 2021, Unity Bank is one of the largest banks in Nigeria, with over 400 branches and a network of agents across the country.
The bank was acquired by the Central Bank of Nigeria (CBN) in 2020 as part of its consolidation exercise aimed at promoting financial stability and growth in the country.
The CBN had previously merged several banks, including Oceanic Bank, Intercontinental Bank, and Midwest Bank, to create Unity Bank. This meant that Unity Bank now comprises several smaller banks that were previously operating independently.
So, in summary, Unity Bank is a Nigerian multinational bank that was formed through the merger of several smaller banks. The number of banks that constitute Unity Bank varies depending on how the bank’s history is counted, but it currently has over 400 branches and a network of agents across the country.
