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Don’t panic, your money is intact- CBN assures all ex-Skye Bank customers
The Central Bank of Nigeria has asked all customers of former Skye
Bank now Polaris bank, not to fret or panic as their money in the bank
is safe. This evening, the apex bank revoked the license of the former
Skye bank.

The CBN governor, Godwin Emefiele said the decision had been reached
following the inability of the owners of former Skye bank to shore up
the capital of the distressed bank which had earlier received a N350
billion intervention in July 2016.

He announced that the Cental bank had injected N786 billion into the
bank to return it to soundness and profitability. In a statement
released this evening, the apex bank says the former Skye Bank which
would now be known as Polaris bank will continue banking activities all
branches of the former Skye Bank on Monday September 24th.

“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 ensure
customers to transact their businesses seamlessly.”CBN says

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