By Nume Ekeghe
Following the withdrawal of the
operating licence of Skye Bank Plc, the Central Bank of Nigeria (CBN),
in consultation with the Nigerian Deposit Insurance Corporation (NDIC),
has established a bridge bank known as Polaris Bank, to assume the
assets and liabilities of the defunct bank.
CBN Governor, Mr. Godwin Emefiele, who
disclosed this on Friday, said the strategy was for the Asset Management
Company of Nigeria (AMCON) to capitalise the bridge bank and begin the
process of sourcing investors to buy out AMCON.
“By this decision, the licence of the defunct Skye Bank is hereby revoked.
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 enable customers to transact their businesses
seamlessly.
“Thus, all customers of Skye Bank shall
be automatic customers of the new bank and their accounts and records
duly purchased by Polaris Bank,” Emefiele explained.
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