amerengues:
This is quite a good read! I, however, have some doubts about it not being a political move. Anyways, if it's for the better, no problem.

Sixfiguresmart:
They are thieves in there. Never you trust any Nigerian bank. They are all criminals

Freshfish4:
If you people are still confused, you should turn the banking buildings to tombo and bushmeat spots, una go sell scatter. Always changing name and always changing owners, one thing is for sure, My money ain't entering there

Freshfish4:
If you people are still confused, you should turn the banking buildings to tombo and bushmeat spots, una go sell scatter. Always changing name and always changing owners, one thing is for sure, My money ain't entering there

Karlovych:
I see them implementing Sharia in their new policies

This I have seen

valentineuwakwe:
What new name will the new owners give it cos they will definitely go for a New name....

amerengues:
This is quite a good read! I, however, have some doubts about it not being a political move. Anyways, if it's for the better, no problem.

blackboy:
They forgot to add that this transaction is fraudulent and was not transparent. Google the company. Agriculture, consulting etc lol typical activities of or fronts of companies that are fronts for those who looted Nigeria's money. Was due process followed? Who were the other interested companies? scam ......
2015 NNPC mega stations in Abuja changed to Dan Oil then when it was apparent GEJ was going to loose they changed it back to NNPC then back to Dan Oil when it was realised this government was worse that the previous as I speak they are now a new company that owns the mega station.
9 mobile sale and Key Stone bank sale ..... were they really transparent?

Leakkyanus:
Okay

AnonPoet:
The headlines have been buzzing with the news of the sale of Polaris bank. Here are ten important facts to note:
● Polaris Bank was created as a bridge bank. This means that it was created to manage the assets and liabilities of another bank which failed (in this case, Skye Bank). The regulatory authorities intervened to stabilize the bank with the much-needed liquidity. The bank has since grown and its roots are grounded in the Nigerian financial ecosystem thus now fit for ownership by competent and capable investors.

● The new investor is Strategic Capital Investment Limited. Ponglomerape Limited is a diversified conglomerate with massive investments in the real estate, Agriculture, Manufacturing, and Consulting sectors. The company was established to identify and implement the completion of a strategic investment in the Nigerian financial services sector, as the first step in an investment strategy focused on building a strong and robust growth platform within the Nigerian financial services sector.

● YES. Shareholders’ funds and customers’ deposits are 100% safe and will remain so.

● NO. There are no planned staff layoffs.

● Yes. There is a new board led by M.K Ahmad who is continuing in his role as Chairman Polaris.

● Yes. There is a new management team led by Adekunle Sonola.

● Adekunle Sonola is a proven and experienced veteran of the banking industry, with decades of experience in executive and managerial positions in corporate banking, investment banking, and commercial banking, across several banks and multiple countries. Under his management, the bank is poised to take banking services to the next level, as he brings to bear his wealth of experience in various areas of banking to take Polaris to the next level in delivering banking services to customers and partners.

● NO. This is not a political transaction.

● Yes, the current focus of the new management is on stability and growth.

● Yes. The Central Bank of Nigeria and the Asset Management Corporation of Nigeria have fully passed on all the assets and liabilities of Polaris Bank to SCIL.

bigstillz:
CBN governor has severed the chances of allowing any financial sector to take part in Nigeria's politics after his political ambition was greatly frowned upon by all. This Polaris bank move has zero political involvment.

R0LL0N:
My money oh Polaris

post=117788562:

GOOD NEWS!

Noted!

Thanks OP!!!

reiddecuti:
Watching...

On the other hand, the bank na one of the useless bank for 9ja.

tellsblinks:
So how would I withdraw my remaining balance?

AnonPoet:
The headlines have been buzzing with the news of the sale of Polaris bank. Here are ten important facts to note:
● Polaris Bank was created as a bridge bank. This means that it was created to manage the assets and liabilities of another bank which failed (in this case, Skye Bank). The regulatory authorities intervened to stabilize the bank with the much-needed liquidity. The bank has since grown and its roots are grounded in the Nigerian financial ecosystem thus now fit for ownership by competent and capable investors.

● The new investor is Strategic Capital Investment Limited. Ponglomerape Limited is a diversified conglomerate with massive investments in the real estate, Agriculture, Manufacturing, and Consulting sectors. The company was established to identify and implement the completion of a strategic investment in the Nigerian financial services sector, as the first step in an investment strategy focused on building a strong and robust growth platform within the Nigerian financial services sector.

● YES. Shareholders’ funds and customers’ deposits are 100% safe and will remain so.

● NO. There are no planned staff layoffs.

● Yes. There is a new board led by M.K Ahmad who is continuing in his role as Chairman Polaris.

● Yes. There is a new management team led by Adekunle Sonola.

● Adekunle Sonola is a proven and experienced veteran of the banking industry, with decades of experience in executive and managerial positions in corporate banking, investment banking, and commercial banking, across several banks and multiple countries. Under his management, the bank is poised to take banking services to the next level, as he brings to bear his wealth of experience in various areas of banking to take Polaris to the next level in delivering banking services to customers and partners.

● NO. This is not a political transaction.

● Yes, the current focus of the new management is on stability and growth.

● Yes. The Central Bank of Nigeria and the Asset Management Corporation of Nigeria have fully passed on all the assets and liabilities of Polaris Bank to SCIL.