Connect with us

Ngyab

BREAKING NEWS: CBN Withdraws Skye Bank’s Operating License (See Why)

News

BREAKING NEWS: CBN Withdraws Skye Bank’s Operating License (See Why)

The Central Bank of Nigeria (CBN) has withdrawn the operating license of Skye Bank.

CBN Governor, Godwin Emefile announced the decision of Friday evening in Lagos.

RELATED:  Tension!! Man Turns A Lady Into A Goat For Ritual At Rukpokwu, Port Harcourt (Photos/Video)

Polaris Bank has been established to assume ownership of the assets and liabilities of Skye Bank.

The Nigeria Deposit Insurance Corporation has injected N786bn in the new bank.

RELATED:  Shocking!! Man Stabbed 5 Times In West Delhi’s Khyala India After Fighting Over Money (Photo)

The management of the defunct bank was however retained for its good performance.

The defunct Skye Bank has been on CBN’s lifeline since July 2016 and the apex bank says it can no longer continue to intervene to keep the balance liquid.

RELATED:  Watch The Moment a Huge female McDonald's worker Angryly beat a customer and body-slammed her in a fight over free soda (Video)

More Details Soon!

Continue Reading
You may also like...

David Chris is writer and a staff at Ngyab.com. He is also an internet guru who who loves reading and making new friends

Click to comment

Leave a Reply

Your email address will not be published.

More in News

Advertisement

NIGERIAN MUSIC

Nigerian Music

Davido Ft. Peruzzi & DMW – Twisted

By October 19, 2018

Nigerian Music

VIDEO: Davido Ft. Peruzzi & DMW – Twisted

By October 19, 2018

Nigerian Music

Davido X Tekno – I Fear

By October 19, 2018

Nigerian Music

Reminisce – Burushaga

By October 18, 2018

Entertainment News

Advertisement

FOLLOW US ON FACEBOOK

To Top