Skye Bank Social Media Accounts’ Name Changed to ‘Polaris Bank’

After the withdrawer of Skye Bank’s license by the Apex bank of the country,  Central Bank of Nigeria (CBN), the defunct bank’s twitter and facebook name has now been changed to polaris bank.

While its instagram name still remains as skye bank, changes could be made also in due time.

Recently, the Central Bank of Nigeria (CBN) confirmed that it has withdrawn the operating license of Skye Bank.

The CBN Governor, Godwin Emefile, has assured the depositors that their funds remain safe. Polaris Bank has been established to assume ownership of the assets and liabilities of the bank.

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

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