Nigeria’s Central Bank has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank for non-compliance with banking regulations and corporate governance failures. The affected lenders are privately held and have come under government control in the past. According to a statement by the Central Bank of Nigeria (CBN), the Board and Read More…
The sale of Polaris Bank to a new core investor, Strategic Capital Investment Ltd. (SCIL), has been made public by the Central Bank of Nigeria (CBN). A statement signed by Mr. Osita Nwanisobi, Director, Corporate Communications, and posted on the CBN website on Thursday said that the sale was completed after SPA signed a Share Read More…
The chairman of the House of Representatives Ad hoc Committee looking into the sale of Polaris Bank, Mr. Henry Nwawuba, stated on Thursday that the sale of the bank was proceeding legally. The politician made this remark at a press conference held at the National Assembly in Abuja. He allayed investors’ concerns about the financial Read More…