The Central Bank of Nigeria has withdrawn the operating licence of Skye Bank.
Umar Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists today Friday September 21st.
The Bank which has been taken over by the Assets Management Corporations of Nigeria (AMCON) will now be known as Polaris Bank.
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.?
More Details Soon…