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All calm at Polaris Bank’s branches after takeover



Transactions went on smoothly at the branches of Polaris Bank, formerly Skye Bank Plc yesterday – the first business day after the Central Bank of Nigeria (CBN) withdrew its licence.

Announcing the licence withdrawal at the weekend, CBN Governor Godwin Emefiele assured depositors of the safety of their funds and that N786 billion had been injected into the new bank to shore up its capital base.

But many of the branches of the bank visited still had the old bank’s logo, contrary to expectations that logo change would have commenced.

At the bank’s branches at Lagos branches in Ogba and Matori as well as in Abuja, workers, clients and customers were seen transacting businesses without hitches.

The Nation, September 25, 2018


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