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Polaris Bank Limited

Tunde Ayeni

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.

Bye-election: Police deploy 3,700 officers in Imo

After two postponements, the Independent National Electoral Commission, INEC, will conduct 15 pending bye-elections— six senatorial and nine state houses of assembly seats in 11 states—tomorrow.
The PDP and its candidate, Babatunde Gbadamosi, are urging the court to disqualify the APC candidate, Tokunbo Abiru, over his alleged possession of two voter cards.

Tokunbo Abiru backs Governor Sanwo-Olu, justifies Rebuilding Lagos Initiative

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.
Polaris Bank has released the statement below announcing the appointment of an acting managing director-chief executive officer. The new appointee is Innocent Ike, who until his appointed served as the bank’s executive director.

Polaris Bank names acting chief

Polaris Bank has released the statement below announcing the appointment of an acting managing director/chief executive officer.
CHIEF Executive Officer, Polaris Bank, Tokunbo Abiru, has charged the bank’s newly hired employees on the need to be professional in the discharge of their responsibilities as a key ingredient for a successful banking career.

Polaris Bank chief Tokunbo Abiru retires

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.
As part of its ongoing effort to revitalise the growth of SME’s in the Health Sector, Polaris Bank has announced the introduction of a new Polaris Health Sector Loan bundle to support the growth of the sector.

Polaris Bank optimistic on post-coronavirus performance

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 Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank, bankers committee suspend planned lay-offs in banks

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.

Why court freeze former Zamfara governor‘s bank accounts

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.
Vice President Yemi Osinbajo

Business giants in trouble over N5 trillion AMCON debts

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.
Polaris Bank

AMCON seeks investors for Polaris Bank

The Asset Management Corporation of Nigeria (AMCON) is to seek new investors to take over Polaris Bank Limited after elections next month, adding that it is taking stock of the bank’s assets ahead of a sale.
Polaris Bank

Polaris Bank targets industry’s best rating in five years

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.

NDIC: Bridge bank option saves financial system from systemic risks

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.
Acting Finance Minister of Finance Zainab Ahmed

Zainab Ahmed wants investigation, prosecution of bank chiefs over non-performing loans

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.
Skye Bank

CBN, NDIC move to prosecute Skye Bank directors, investors

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.
Skye Bank

Skye Bank: Why we chose bridge bank option – CBN

Nigeria’s financial sector regulatory authorities at the weekend said they decided to adopt the bridge bank option in resolving the Skye Bank crisis to protect depositors’ funds and employees in the now defunct bank.

Adetokunbo Abiru: How we are stabilising Polaris Bank

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.

Polaris Bank takes over as CBN revokes Skye Bank’s licence

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.

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The 27 students of Government Science College, Kagara, Niger State and 15 others have not been released by their abductors.

Assailants free 42 people kidnapped from Nigeria school

"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.

DSS denies arresting Kano governor’s aide

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.

Ex-AGF: Amotekun will tame criminal herdsmen

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 27 students of Government Science College, Kagara, Niger State and 15 others have not been released by their abductors.

NAPTAN boss: Release of Kagara boys good, but..

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.

Antonio Cassano: Cristiano Ronaldo flopped at Juventus

Antonio Cassano believes former Manchester United striker Cristiano Ronaldo has flopped at Juventus.

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Luca Attanasio had been Italy’s head of mission in Kinshasa since 2017 and was made ambassador in 2019. Italian foreign ministry-AFP-Getty Images

Investigations set to begin in DR Congo following the death of Italian envoy

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
FILE PHOTO - Two women walk down Regent Street, one of London's main shopping streets, as Britain continues its third COVID-19 lockdown, in London, Britain, January 17, 2021. REUTERS-Kevin Coombs

Coronavirus data will determine how quickly UK emerges from lockdown – health secretary

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.
All Progressives Congress (APC) Nigeria

Kwara APC youths beg minister, other aggrieved leaders to close ranks, embrace peace

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.
In a demonstration to tackle the menace of ghost workers that has continue to drain the coffers of government, Bauchi State Governor, Sen Bala Abdulkadir Mohammed will hold a public parley with all the stakeholders involved in the payment of workers salaries in the state.

Northern coalition defends Bauchi governor

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.
Nigerian striker Taiwo Awoniyi was on parade for his Club Union Berlin against Bayer Leverkusen in the German Bundesliga encounter on Friday.

Taiwo Awoniyi: My goal is to play in Premier League With Liverpool

Union Berlin striker, Taiwo Awoniyi has revealed that his priority remains with his parent club, Liverpool.