Oil and Gas Free Zones Authority Nigeria

BREAKING: CBN TAKES OVER SKYE BANK, RENAMES IT POLARIS BANK

By Ofonime Iboro
The Central of Nigeria has revoked the licence of Skye Bank Nigeria plc.
This was disclosed by the Governor of Central Bank, Godwin Emefiele, during a press briefing in Lagos on Friday.
He also disclosed that the bank will now be taken over by Polaris Bank.
He said an injection of #786 billion has been made into the bank with the Asset Management Corporation of Nigeria has been directed to commence the sale process of the bank from Monday.

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