It is true that the financial institution known as Skye Bank is no more.

But checks by revealed this development is only in name.

A bridge Bank known as Polaris Bank is already in place to safeguard the interests of customers, investors, workers and the related public of the bank. learned the new investors would retain the structure of “Skye Bank” to ensure easy transfer of assets and continuing seamless flow of operations.

“There is no cause for alarm. The issue is best likened to transfer of ownership of a business concern and it comes with a very big boost for customers and others involved with the taken over structure” a source disclosed to learned Polaris, the new bank that rises out of the ashes of the defunct Skye Bank comes with a spanking new image – and huge fund and ideas to make things happen.

“The interest of the customers of the former Skye Bank is very much protected. In fact, they are in for a far better deal with the emergence of Polaris Bank” an insider disclosed. learned the Central Bank of Nigeria would be dishing communications to address fears of the public of the former Skye bank all through the weekend.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Oil Thieves Fight Back!… Details As Kola Karim’s Shoreline, Eraskorp Nig Are Heavily Indicted

Executive Summary 1. Ocean Marine Solutions Limited is Nigeria’s leading asset protection…

Customers In Tears, Funds Missing, Biznesses Disrupted As FCMB’s System Crashes

The operation of the financial institution, First City Monument Bank(FCMB) is in…

Tony Elumelu Foundation Disburses First Tranche Of $5m Partnership Commitment From African Development Bank

Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and…

First Bank To Close Branches In 23 States

By Cyril Ogar First bank of Nigeria Plc has concluded plans to…