BREAKING NEWS: Skye Bank Now Known As “Polaris Bank” As CBN Revokes Operational License.

Skye Bank Office.

The Central Bank of Nigeria has withdrawn the operating license of Skye Bank, now to be known as Polaris Bank.

CBN Governor, Godwin Emefiele announced this a few minutes ago as Assets Management Corporation of Nigeria, AMCON takes over the bank as over 786Billion Naira has been injected into the bank so far.

AMCON has been asked to commence sale process of the bank on Monday.