CBN withdraws Skye Bank license

.. Establishes Polaris Bank to assume its assets, liabilities Central Bank of Nigeria, CBN has withdraw the banking license of Skye Bank Plc and established a new bank, Polaris Bank to take over its assets and liabilities. Speaking during a press briefing to announce the withdrawal of Skye Bank licence on Friday September 21, the CBN Governor, Mr. Godwin Emefiele stated that the result of its examinations and forensic audit of the bank has revealed that Skye bank requires urgent recapitalisation as it can no longer continue to live on…

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