Skye Bank Changes Name

 

A new Bank, Polaris Bank has been licensed to assume ownership of the assets, all deposit liabilities and some other liabilities of Skye Bank. The CBN Governor noted that depositors’ funds remain safe.

The existing Board, Management and Staff of the Skye Bank have been retained for their good performance whilst the CBN also assures depositors and customers of the safety of their funds.

The Nigeria Deposit Insurance Corporation has also injected N786bn  (approximately $2.75 bn, Le22 Trillion) into the new ban