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CBN’s Godwin Emefiele announces Polaris Bank’s takeover of Skye Bank

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CBN’s Godwin Emefiele announces Polaris Bank’s takeover of Skye Bank

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Asset Management Corporation of Nigeria Skye Bank

News : Business

CBN’s Godwin Emefiele announces Polaris Bank’s takeover of Skye Bank

By CNBC
24 Sep 2018 | 2:57 pm | 3m 20s

The Central Bank of Nigeria established a bridge bank; Polaris Bank, to take over the assets and liabilities of Skye Bank. The Asset Management Corporation of Nigeria will capitalise the bridge bank and begin the process of sourcing investors.

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