Your deposits are safe – CBN assures former Skye Bank customers

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All customers of former Skye Bank now Polaris bank, have been informed by the Central Bank of Nigeria not to panic as their deposits in the bank are safe.

This evening, the apex bank revoked the license of the former Skye bank. According to CBN governor, Godwin Emefiele said the decision was reached after the inability of the owners of former Skye bank to shore up the capital of the distressed bank which had earlier received a N350 billion intervention in July 2016.

Godwin Emefiele announced that the Cental bank had infused  N786 billion into the bank to return it to profitability. In a statement released yesterday, the apex bank stated that all banking activities will continue at  all the branches of the former Skye Bank on Monday September 24th.

“We wish to assure all depositors that under this arrangement, their deposits shall remain safe and that normal banking services shall continue in the new bank on Monday, 24th September 2018, to ensure customers to transact their businesses seamlessly.”CBN declared.

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