Connect with us

News

Breaking: CBN Withdraws Skye Bank’s Operating License

Published

on

Skye-Bank
The Central Bank of Nigeria (CBN) has withdrawn the operating license of Skye Bank.

CBN Governor, Godwin Emefile announced the decision of Friday evening in Lagos.

Polaris Bank has been established to assume ownership of the assets and liabilities of Skye Bank.

Download Our ANDROID APPLICATION now! DOWNLOAD NOW

The Nigeria Deposit Insurance Corporation has injected N786bn in the new bank.

Read Also:  BREAKING NEWS: Obaseki wins at Supreme Court

The management of the defunct bank was however retained for its good performance.

The defunct Skye Bank has been on CBN’s lifeline since July 2016 and the apex bank says it can no longer continue to intervene to keep the balance liquid.

Kindly follow us on Twitter @TRIOTINAIJA

Click to comment

Leave a Reply

Copyright © 2015 TriotiNaija. Powered by Trioti House Media.

css.php