CBN Talks On Skye Bank Customers Money As CBN Revoked Skye Bank Lisence


CBN Talks On Skye Bank Customers Money As CBN Revoked Skye Bank Lisence
Recall the news making rounds online concerning the closing of Skye Bank and changed of it
name to Polaris bank. The Central Bank of Nigeria has implored all the panic customers of former Skye Bank now Polaris Bank, not to fret as their money in the bank is safe. Yesterday evening, the apex bank revoked the license of the former Skye bank.

The CBN governor, Godwin Emefiele said the decision had been reached following the inability of the owners of former Skye bank to shore up the capital of the distressed bank which had earlier received a N350 billion intervention in July 2016.CBN Talks On Skye Bank Customers Money As CBN Revoked Skye Bank Lisence


He announced that the Cental bank had injected N786 billion into the bank to return it to soundness and profitability. In a statement released on Friday, the apex bank says the former Skye Bank which would now be known as Polaris Bank will continue banking activities in all branches of the former Skye Bank on Monday September 24th.

“We wish to assure all depositors that under this arrangement, their deposits shall remain safe and that normal banking services shall continue in the new bank on Monday, 24th September 2018, to ensure customers to transact their businesses seamlessly,” CBN said.
CBN Talks On Skye Bank Customers Money As CBN Revoked Skye Bank Lisence


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