Just In: CBN withdraws Skye bank’s operating license

The Central Bank of Nigeria(CBN) has withdrawn the operating license of Skye Bank.

This information was revealed to journalists by Umar Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), on Friday.

Skye Bank has now be taken over by Polaris Bank, which would take over all the assets and liabilities of the defunct entity.

More details shortly. ..

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