The Central Bank of Nigeria (CBN) has withdraw the operating licence of Skye Bank Plc
“By this decision, the licence of the defunct Skye Bank is hereby revoked.
Subsequently, following consultation with the Nigerian Deposit Insurance Corporation (NDIC), the CBN has established a bridge bank known as Polaris Bank, to assume the assets and liabilities of the defunct bank.
The CBN governor has assured depositors that under this arrangement, their deposits shall remain safe.
““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.