Breaking: Skye Bank’s operating licence revoked by CBN
The Central Bank of Nigeria has revoked Skye Bank’s operating licence. The Nigeria Deposit Insurance Corporation, NDIC created a bridge bank named Polaris Bank to assume assets and liabilities of Skye Bank. The bridge bank will inject N786bn to recapitalise the bank and return it to stability and profitability before selling to interested investors Related
You would recall that there has been series of rumours regarding Sky Bank since July 2016, customers had expressed fears over the safety of their money , however, Central Bank officially said that they can no longer sustain the Bank and that the public should not be panicked over their money as the bank has been renamed Polaris Bank and the management of the bank retained.
They assured the public of smooth sailing activities.
The Central Bank of Nigeria has revoked Skye Bank’s operating licence. The Nigeria Deposit Insurance Corporation, NDIC created a bridge bank named Polaris Bank to assume assets and liabilities of Skye Bank. The bridge bank will inject N786bn to recapitalise the bank and return it to stability and profitability before selling to interested investors Related
You would recall that there has been series of rumours regarding Sky Bank since July 2016, customers had expressed fears over the safety of their money , however, Central Bank officially said that they can no longer sustain the Bank and that the public should not be panicked over their money as the bank has been renamed Polaris Bank and the management of the bank retained.
They assured the public of smooth sailing activities.
Breaking: Skye Bank’s operating licence revoked by CBN
Reviewed by Mgbara Zion Barisuka
on
September 21, 2018
Rating:
Reviewed by Mgbara Zion Barisuka
on
September 21, 2018
Rating:
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