Confusion over Polaris Bank’s bailout repayment as CBN grants 1 year moratorium
Fresh confusion may have emerged as to when the Central Bank of Nigeria (CBN) appointed management team of the rescued Polaris Bank will pay back the total of N789bn bailout fund with which the apex bank used in resuscitating the…
Can CBN recover Polaris Bank’s N786bn taxpayers’ money bailout this year?
Fresh signal has emerged from the Central Bank of Nigeria (CBN) suggesting that chances are that the N786bn ($2.2bn) bailout fund given to former Skye Bank, now Polaris Bank may go the way of the controversial $7bn it ‘dashed’ to…
Experts stand with Senate against hike in new minimum capital for MfBs
Even before the Senate Committee on Banking, Insurance and Other Financial Institutions expressed concern over the decision of the Central Bank of Nigeria (CBN) to increase the minimum capital base of micro finance banks (MFBs), industry experts have called for…
Polaris Bank: Can regulators achieve anything probing seating bank directors?
Recent comments by both the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) that they are monitoring the investigations by law enforcement agencies against the directors and management of the failed Skye Bank Plc, now Polaris…
(Special Report) Adeosun: State of the economy one month after?
The question of how is the Nigerian economy (monetary and fiscal policy activities), one month after the total out of sight of former Finance minister, Mrs. Kemi Adeosun, has become necessary in view of latest economic indices in just one…
More confusion as Polaris Bank MD differ with AMCON on tenure, sale
Barely one week after the managing director of defunct Skye Bank, now Polaris Bank, Mr. Tokunbo Abiru said in Ibadan that his board is working on the 2016 template given to them by the Central Bank of Nigeria (CBN) to…
Polaris Bank MD, Abiru mute on repayment of N886bn taxpayers’ injection
…Says board ready to transform bank to top 5 in 5 years At a time the Nigerians are waiting to hear arrests and trial of board members of defunct Skye Bank now Polaris Bank over bad management, the retained Group…
Experts still worried over retaining Skye Bank chiefs as Minister orders probe, trail
Since the change of just name and logo of former Skye Bank to Polaris Bank by the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) on grounds of poor management of the bank, observers have continued to…
NDIC still mute on recovering N620bn banks bailout under Sanusi at CBN
Barely three weeks after the embattled chairman of Special Presidential Panel on Recovery of Government Funds and Property, Barr Okoi Obono-Obla, gave a clear indication that plans are on to recover the over N620bn dashed out to about nine to…
Skye Bank: Experts query meaning of investigating retained, failed board
…Polaris now upgraded from bridge to full-fledged bank Barely one week after the Central Bank of Nigeria (CBN) and Nigerian Deposit Insurance Corporation (NDIC) literally changed the logo and name of Skye Bank to Polaris Bank and injected Nigerian commonwealth…
