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.