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Skye Bank

Nwankwo Kanu

Vandals cart away Nwankwo Kanu’s medals

Former Nigeria international, Nwankwo Kanu, cut a pitiable sight in Lagos on Monday as he revealed how suspected vandals invaded his The Hardley Apartments situated along Waziri Ibrahim Crescent on Victoria Island, making away with his football medals, trophies, plaques and other valuable items.
President Muhammadu Buhari has lauded Nigerians for curbing excessive taste for foreign products, which has positioned the country for food self-sufficiency, and resulted into savings of over $21 billion.

President Buhari: I didn’t order EFCC to stop investigating Senator Akpabio

Nigerian President Muhammadu Buhari said none of the ruling All Progressives Congress members or his close allies has immunity against corruption charges.
Atiku Abubakar

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Money laundering: Court admits ex-Skye Bank chairman, MD to N50 million bail each

A Federal High Court in Abuja on Monday, admitted Tunde Ayeni, former Chairman of the defunct Skye Bank Plc, now Polaris Bank and a former Managing Director of the bank, Timothy Oguntayo, to bail in the sum of N50 million each.

NDIC expresses concern over evolution of digital currencies

He said: “The partial dis-intermediation of the banking system arising from proliferation of digital currencies such as bitcoin, as well as the activities of FinTechs are all of critical concern to the corporation.”
Tunde Ayeni

EFCC detains ex-Skye Bank chief Tunde Ayeni for alleged fraud

The Economic and Financial Crimes Commission has detained a former Chairman of Skye Bank Plc (Now Polaris Bank), Mr. Tunde Ayeni, for fraud.
Skye Bank

NDIC saved N949 billion depositors’ funds in failed Skye Bank

The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank.

Official: NDIC saved N949bn depositors’ funds in failed Skye Bank

The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank.

NDIC investigates management, directors of defunct Skye Bank

The Nigeria Deposit Insurance Corporation (NDIC), says it is monitoring investigations of directors and management of the failed Skye Bank Plc being carried out by law enforcement agencies.

Court seals four banks in Owerri over Ikedi Ohakim’s N290 million unpaid entitlements

The National Industrial Court in Owerri on Wednesday sealed four banks for disregarding its order which was issued in favour of a former Gov. Ikedi Ohakim of Imo.

HSBC, UBS shut down offices in Nigeria

The Central Bank of Nigeria on Friday said two foreign banks, HSBC and UBS, have closed their offices in Nigeria.
Skye Bank

House of Reps to probe Skye Bank takeover

House of Representatives Sub-Committee on Capital Market and Institutions will probe the recent takeover of Skye Bank Plc by Polaris Bank.

Central bank revokes micro-finance bank’s license

Barely few weeks after the collapse of Skye Bank, same fate has befallen a community bank in Bauchi, Garu Micro-Finance Bank.
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.
Nigeria's acting finance minister Zainab Ahmed addressing a press conference in Abuja....Twitter-ZShamsuna

Finance minister seeks probe of bank chiefs

Nigeria’s Minister of Finance, Zainab Ahmed, has expressed serious concerns over the rising incidence of non-performing loans (NPLs) in deposit money banks (DMBs) in the country.
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

Federal government to prosecute officials responsible for Skye Bank’s failure

The federal government has promised to persecute anyone found to be responsible for the failure of the erstwhile Skye Bank.

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