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Polaris Bank Limited
Ex-Skye Bank chair Tunde Ayeni accuses Captain Okunbo of stealing, criminal diversion of millions...
A former chairman of the defunct Skye Bank (now Polaris Bank), Mr Tunde Ayeni, has dragged his business partner, Captain Hosa Okunbo, to the Economic and Financial Crimes Commission (EFCC) for alleged mismanagement, stealing and diversion of funds from their company – Ocean Marine Security Limited. In the petition written by his counsel, Mr Femi Fálànà (SAN), Ayeni gave a vivid account of how Okunbo tried to scheme him out of the company.
The candidate of All Progressives Congress (APC) for Lagos East senatorial bye-election, Mr. Tokunbo Abiru has endorsed Governor Babajide Sanwo-Olu’s rebuilding Lagos initiative, a post-#EndSARS violence programme aimed at repositioning the state.
The Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has announced his retirement from the service of Polaris Bank, effective August 31, 2020, having successfully completed his second two-year tenure at the helm of the Bank.
Polaris Bank plans to leverage its investment in cutting-edge information technology to harness emerging opportunities and mitigate the disruptive effect of the COVID-19 pandemic on its business.
The Spokesman of CBN, Isaac Okorafor in a statement said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
The Abuja Division of the Federal High Court, on Friday, froze six separate bank accounts that were linked to the former Governor of Zamfara State, Abdulazeez Yari, following an ex-parte motion that was filed by the Federal Government.
Institutions and individuals on Asset Management Corporation of Nigeria’s (AMCON’s) debtors’ list are to be blacklisted. They will no longer be allowed to do business with the government henceforth, it was learnt at the weekend.
The Group Managing Director of the Polaris Bank Limited, Tokunbo Abiru, over the weekend expressed optimism that the bank, formerly Skye Bank Plc, would transform into one of the best five in the industry within the next five years.
To curtail the spread of systemic risks that could trigger massive lay-off in the financial sector, the use of bridge bank option to resolve the failure of the defunct Skye Bank has been adjudged the most effective way.
The Supervising Minister of Finance, Zainab Ahmed, on Friday expressed serious concerns over the rising incidence of non-performing loans (NPLs) in deposit money banks (DMBs) in the country.
There are indications that the Central Bank of Nigeria, CBN, and the Nigeria Deposits Insurance Company, NDIC, are set to prosecute directors and investors who plunged former Skye Bank, now Polaris Bank into huge financial mess.
The Group Managing Director (GMD) of Polaris Bank, Mr. Adetokunbo Abiru, yesterday stated the efforts of the new management team to stabilise the defunct Skye Bank and reassured all stakeholders of the bank that it would have no problem meeting its obligations to all corresponding banks, depositors, customers and other financial institutions.
The Central Bank of Nigeria (CBN) yesterday revoked the operating licence of Skye Bank Plc exactly 27 months after its intervened in the ailing bank.
"The abducted students, staff and relatives of Government Science College Kagara have regained their freedom and have been received by the Niger state government," governor Abubakar Sani Bello said on Twitter
The Department of State Services (DSS) has denied arresting Salihu Tanko-Yakasai, a media aide of Governor Abdullahi Ganduje who demanded for President Muhammadu Buhari’s resignation over his failure to handle insecurity in the country.
Prince Bola Ajibola, a Former Attorney General and Minister of Justice has rated Western Nigeria Security Network, tagged “Operation Amotekun”, high in terms of its capacity to protect the people of Ogun State from Fulani marauders.
The National President of the National Parent Teacher Association of Nigeria, NAPTAN, Haruna Danjuma, has expressed happiness with the release of the abducted students of the Government Science College, Kagara, Niger State after 10 days in the dens of bandits.
Antonio Cassano believes former Manchester United striker Cristiano Ronaldo has flopped at Juventus.
Congolese investigators arrived in Goma on Thursday to try to clarify the circumstances in which the Italian ambassador, his guard - a carabinieri - and a driver working for the World Food Program were killed earlier this week.g
British Health Secretary Matt Hancock said the government will need to analyse the data as it slowly unlocks from the national COVID-19 lockdown because it is wary of the impact virus variants from Brazil and South Africa could have.
Coalition of Kwara All Progressives Congress (APC) Young Stakeholders has appealed to the Minister of Information and Culture and APC leader, Alhaji Lai Mohammed, and other aggrieved leaders of the party in the state to forget the past and close ranks in order to move the party forward in the state.
A coalition of Northern Organisations (CNO) on Saturday defended the statement credited to the Bauchi State Governor, Bala Mohammed that herdsmen bare Ak47 rifles to protect themselves and their cows against rustlers and bandits.
Union Berlin striker, Taiwo Awoniyi has revealed that his priority remains with his parent club, Liverpool.