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

PUBLISHED: Mon, 24 Sep 2018 11:57:36 GMT

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. CBN Governor Godwin Emefiele’s made the announcement on Friday.

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