onyxo76:
If my funds are safe, how come I've not been able to do any transaction since last night, ATM, mobile app.

Trizzi:
The Central Bank of Nigeria has asked all customers of former Skye Bank now Polaris bank, not to fret or panic as their money in the bank is safe.

Same thing mavrodi told the MMM community


This evening, the apex bank revoked the license of the former Skye bank.

The CBN governor, Godwin Emefiele said the decision had been reached following 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.

He announced that the Cental bank had injected N786 billion into the bank to return it to soundness and profitability. In a statement released this evening, the apex bank says the former Skye Bank which would now be known as Polaris bank will continue banking activities all branches of the former Skye Bank on Monday September 24th.



https://www.mediahelm.com.ng/2018/09/dont-panic-your-money-is-intact-cbn.html

AmazingELixir:



Abeg it had better be ooh! My whole savings is in that good for nothing bank, although they have one of the highest fixed deposit rate amongst the commercial banks.

kunkelhanspeter:

How much is dey rate please?

kunkelhanspeter:

How much is dey rate please?

adewumiopeyemi:
Have you forgotten money will buy love

AmazingELixir:


It varies with the deposited capital, at a point they were doing between 11 & 12% for deposit of 2.5M, other banks hovers between 3.5 & 7%.

Generally the percentage increase with capital deposit

InvertedHammer:

/
If the bank goes belly up, be rest assured that you ain't getting a Kobo from NDIC even in 10years. Few years of passing the buck, blame game, investigations and hoping depositors forget about it will be enough to send people to early graves.

/