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{{Short description|Nigerian commercial bank}}
{{Short description|Nigerian commercial Bank}}
{{Infobox company
{{Infobox company
|name = Polaris Bank Limited
|name = Polaris Bank Limited
|logo = Polaris-Bank-Limited.png
|logo = Polaris-Bank-Limited.png
|logo_caption =
|logo_caption =
|type = Bridge Bank
|type = Privately Owned Commercial Bank
|genre = Banking
|genre = Banking
|area_served =
|area_served =
|key_people = '''Muhammad K. Ahmad'''<br/>[[Chairman]]<br/>'''[[Tokunbo Abiru|Adetokunbo Mukhail Abiru]]'''<br/> [[Chief Executive Officer]]<ref name="2R">{{cite web| url=https://www.polarisbanklimited.com/about-skye/management-and-board/board-of-directors#adetokunbo-mukhail-abiru-fca-gmd-ceo | title=The Board of Directors of Polaris Bank Limited |date=5 November 2018 |access-date=5 November 2018 |publisher=Polaris Bank Limited |author=Polaris Bank |location=Lagos}}</ref>
|key_people = '''Nil'''<br/>[[Chairman]]<br/>'''Kayode Lawal'''<br/> [[Chief Executive Officer]]<ref name="2R">{{cite web|work=Polaris Bank Limited |date=5 November 2018 |url=https://www.polarisbanklimited.com/news/announcement-of-a-new-core-investor-in-polaris-bank/ |title=The Board of Directors of Polaris Bank Limited |access-date=5 November 2018 | author=Polaris Bank |location=Lagos}}</ref>
|industry = [[Financial services]]
|industry = [[Financial services]]
|products = [[Banking]]<br>[[Financial services]]
|products = [[Banking]]<br>[[Financial services]]
|revenue =
|revenue =
|assets =
|assets =
|foundation = {{Start date and age|2018|09|24}}<ref name="1R">{{cite web|url=https://www.vanguardngr.com/2018/09/nse-suspends-trading-on-skye-bank-shares/ |title=NSE suspends trading on Skye Bank shares |newspaper=[[Vanguard (Nigeria)]] |date=22 September 2018 |access-date=5 November 2018 |author=Vanguard Business News |location=Lagos}}</ref>
|foundation = {{Start date and age|2018|09|24}}<ref name="1R">{{cite web|url=https://www.vanguardngr.com/2018/09/nse-suspends-trading-on-skye-bank-shares/ |title=NSE suspends trading on Skye Bank shares |newspaper=[[Vanguard (Nigeria)]] |date=22 September 2018 |access-date=5 November 2018 |author=Vanguard Nigera | location=Lagos}}</ref>
|location = 3 Akin Adesola Street<br/>[[Victoria Island, Lagos]], [[Lagos State]], [[Nigeria]]
|location = 3 Akin Adesola Street<br/>[[Victoria Island, Lagos]], [[Lagos State]], [[Nigeria]]
|num_employees =
|num_employees =
Line 19: Line 19:
|}}
|}}


'''Polaris Bank Limited''', is a [[commercial bank]] based in Nigeria. It is licensed by the [[Central Bank of Nigeria]], the country's banking regulator.<ref name="3R">{{cite web|access-date=5 November 2018 |date=5 November 2018 |title=Central Bank of Nigeria: List of Licensed Commercial Banks |author=Central Bank of Nigeria |url=https://www.cbn.gov.ng/supervision/Inst-DM.asp
'''Polaris Bank Limited''' is a [[commercial bank]] based in Nigeria. It is licensed by the [[Central Bank of Nigeria]], the country's banking regulator.<ref name="3R">{{cite web|access-date=5 November 2018 |date=5 November 2018 |title=Central Bank of Nigeria: List of Licensed Commercial Banks |author=Central Bank of Nigeria |url=https://www.cbn.gov.ng/supervision/Inst-DM.asp |publisher=[[Central Bank of Nigeria]] |location=Abuja}}</ref><ref name="4R">{{cite web |title=Nigeria's Central Bank takes over Skye Bank |newspaper=[[Premium Times]] |date=21 September 2018 | url=https://www.premiumtimesng.com/news/headlines/284921-breaking-nigerias-central-bank-takes-over-skye-bank.html | access-date=5 November 2018 |first=Bassey |last=Udo |location=Abuja}}</ref> In October 2022, the bank was acquired by Strategic Capital Investment Limited.<ref>{{Cite web |last=Iyatse |first=Geoff |date=2022-10-21 |title=Strategic Capital acquires 100 equity in Polaris Bank |url=https://guardian.ng/business-services/strategic-capital-acquires-100-equity-in-polaris-bank/ |access-date=2022-11-01 |website=The Guardian Nigeria News - Nigeria and World News |language=en-US}}</ref>
|publisher=[[Central Bank of Nigeria]] |location=Abuja}}</ref><ref name="4R">{{cite web |title=Nigeria's Central Bank takes over Skye Bank |newspaper=[[Premium Times]] |date=21 September 2018 | url=https://www.premiumtimesng.com/news/headlines/284921-breaking-nigerias-central-bank-takes-over-skye-bank.html | access-date=5 November 2018 |first=Bassey |last=Udo
|location=Abuja}}</ref>


==Overview==
==Overview==
Polaris Bank is a large financial services provider in [[West Africa]] and [[Central Africa]]. With headquarters in [[Nigeria]], the bank maintains subsidiaries in [[Sierra Leone]], [[the Gambia]], the [[Republic of Guinea]], [[Liberia]], [[Angola]] and [[Equatorial Guinea]]. {{asof|September 2010}}, the bank's total assets were valued in excess of US$3.9 billion (NGN:611.5 billion), with shareholders' equity of approximately US$630 million (NGN:98.4 billion).<ref>[http://ww6.skyebankng.com/skye-news/326-skye-bank-plc-records-n101-billion-profit-in-9-months.html Unaudited Financial Report: September 2010] {{webarchive |url=https://web.archive.org/web/20110104131136/http://ww6.skyebankng.com/skye-news/326-skye-bank-plc-records-n101-billion-profit-in-9-months.html |date=January 4, 2011 }}</ref>
Polaris Bank is a large financial services provider in [[West Africa]] and [[Central Africa]] with headquarters in [[Nigeria]]. {{As of|September 2010}}, the bank's total assets were valued in excess of US$3.9 billion (NGN:611.5 billion), with shareholders' equity of approximately US$630 million (NGN:98.4 billion).<ref>[http://ww6.skyebankng.com/skye-news/326-skye-bank-plc-records-n101-billion-profit-in-9-months.html Unaudited Financial Report: September 2010] {{webarchive |url=https://web.archive.org/web/20110104131136/http://ww6.skyebankng.com/skye-news/326-skye-bank-plc-records-n101-billion-profit-in-9-months.html |date=January 4, 2011 }}</ref>


==History==
==History==
The bank traces its origins back to 1989 when ''Prudent Bank Plc.'', was incorporated as a limited liability company. In 1990, the bank was issued a license as [[merchant bank]]. That same year, it re-branded as ''Prudent Merchant Bank Limited''. In 2006, Prudent Merchant Bank Limited merged with four other banks to form '''Skye Bank Plc.''':<ref name="6R">{{cite web|url=https://www.thisdaylive.com/index.php/2018/09/24/a-decade-after-like-lehman-brothers-like-skye-bank/ |title=A Decade after, Like Lehman Brothers, Like Skye Bank? |date=24 September 2018 |access-date=5 November 2018 |newspaper=[[This Day]] | last=Obinna |first=Chima |location=Lagos}}</ref>
The bank traces its origins back to 1989 when Prudent Bank Plc., was incorporated as a limited liability company. In 1990, the bank was issued a license as [[merchant Bank]]. That same year, it re-branded as Prudent Merchant Bank Limited. In 2006, Prudent Merchant Bank Limited merged with four other Banks to form '''Skye Bank Plc.''':<ref name="6R">{{cite web|url=https://www.thisdaylive.com/index.php/2018/09/24/a-decade-after-like-lehman-brothers-like-skye-bank/ |title=A Decade after, Like Lehman Brothers, Like Skye Bank? |date=24 September 2018 |access-date=5 November 2018 |newspaper=[[This Day]] | last=Obinna |first=Chima |location=Lagos}}</ref><ref>{{Cite web |last=OMEJE |first=Chikezie |date=2018-09-22 |title=Skye Bank takeover: A journey from Afribank to Polaris Bank |url=https://www.icirnigeria.org/skye-bank-takeover-a-journey-from-afribank-to-polaris-bank/ |access-date=2022-09-06 |website=The ICIR |language=en-GB}}</ref>
* Bond Bank Limited
* Bond Bank Limited
* EIB International Bank Plc.
* EIB International Bank Plc.
Line 33: Line 31:
* Co-operative Bank Plc.
* Co-operative Bank Plc.


In May 2021, the bank introduced launched VULTe, its Digital Banking platform ." The bank also offers Internet banking and mobile banking.<ref name="7R">{{cite web|url=https://allafrica.com/stories/201101270508.html |access-date=5 November 2018 |title=Nigeria: Skye Bank Unveils First Mastercard Verve |work=[[Daily Champion]] via [[AllAfrica.com]] |date=27 January 2011 |location=Lagos}}</ref> In 2014, the bank acquired [[Mainstreet Bank Limited]].<ref>{{cite web |title=MainStreet Bank, Acquired by Polaris Bank Ltd. on October 31st, 2014 {{!}} Mergr |work=Mergr.com |date=31 October 2014 |url=https://mergr.com/mainstreet-bank-acquired-by-polaris-bank |access-date=20 August 2022}}</ref>
In January 2011, the bank introduced a Naira-denominated MasterCard [[debit card]], called "MasterCard Verve", the first of its kind in Nigeria. The bank also offers Internet banking and mobile banking.<ref name="7R">{{cite web|date=27 January 2011
|url=https://allafrica.com/stories/201101270508.html |access-date=5 November 2018 |title=Nigeria: Skye Bank Unveils First Mastercard Verve |newspaper=[[Daily Champion]] via [[AllAfrica.com]] |location=Lagos}}</ref>

In 2014, the bank acquired [[Mainstreet Bank Limited]].


==Ownership==
==Ownership==


On 21 September 2018, [[Godwin Emefiele]], the Governor of the Central Bank of Nigeria announced in Lagos that the apex bank had revoked the operating licence of Skye Bank.<ref>{{cite news| url=https://punchng.com/cbn-revokes-access-banks-licence-polaris-bank-takes-over/ |title=CBN revokes Skye Bank's licence, Polaris Bank takes over |newspaper=[[The Punch]] |date=21 September 2018 |access-date=5 November 2018 |author=Nike Popoola}}</ref><ref>{{Cite news|url=https://www.vanguardngr.com/2018/09/breaking-cbn-revokes-skye-banks-licence/|title=Breaking: Skye Bank's operating licence revoked by CBN - Vanguard News|date=2018-09-21|work=Vanguard News|access-date=2018-10-09|language=en-US}}</ref><ref>{{Cite news|url=http://saharareporters.com/2018/09/21/breaking-cbn-revokes-skye-bank%E2%80%99s-licence|title=BREAKING: CBN Revokes Skye Bank's {{!}} Sahara Reporters|last=siteadmin|date=2018-09-21|work=Sahara Reporters|access-date=2018-10-09}}</ref> He also stated that the assets and liabilities of the bank would be taken over by a new entity, Polaris Bank<ref>{{Cite news|url=https://www.thecable.ng/breaking-cbn-revokes-skye-banks-license|title=CBN revokes Skye Bank's licence, Polaris Bank to take over assets - TheCable|date=2018-09-21|work=TheCable|access-date=2018-10-09|language=en-US}}</ref> due to the inability of the Skye Bank's shareholders to adequately recapitalise the bank after the 2016 intervention.<ref>{{Cite news|url=https://www.vanguardngr.com/2018/09/why-cbn-revoked-skye-bank-license/|title=Why CBN revoked Skye Bank licence - Vanguard News|date=2018-09-21|work=Vanguard News|access-date=2018-10-09|language=en-US}}</ref>
On 21 September 2018, [[Godwin Emefiele]], the governor of the Central Bank of Nigeria announced in Lagos that the apex bank had revoked the operating licence of Skye Bank.<ref>{{cite news| url=https://punchng.com/cbn-revokes-access-banks-licence-polaris-bank-takes-over/ |title=CBN revokes Skye Bank's licence, Polaris Bank takes over |newspaper=[[The Punch]] |date=21 September 2018 |access-date=5 November 2018 |author=Nike Popoola}}</ref><ref>{{Cite news|url=https://www.vanguardngr.com/2018/09/breaking-cbn-revokes-skye-banks-licence/|title=Breaking: Skye Bank's operating licence revoked by CBN - Vanguard News|date=2018-09-21|work=Vanguard News|access-date=2018-10-09|language=en-US}}</ref><ref>{{Cite news| url=http://saharareporters.com/2018/09/21/breaking-cbn-revokes-skye-bank%E2%80%99s-licence|title=BREAKING: CBN Revokes Skye Bank's {{!}} Sahara Reporters|last=siteadmin|date=2018-09-21|work=Sahara Reporters|access-date=2018-10-09}}</ref> He also stated that the assets and liabilities of the bank would be taken over by a new entity, Polaris Bank<ref>{{Cite news|url=https://www.thecable.ng/breaking-cbn-revokes-skye-banks-license|title=CBN revokes Skye Bank's licence, Polaris Bank to take over assets - TheCable|date=2018-09-21|work=TheCable|access-date=2018-10-09|language=en-US}}</ref> due to the inability of the Skye Bank's shareholders to adequately recapitalise the bank after the 2016 intervention.<ref>{{Cite news| url=https://www.vanguardngr.com/2018/09/why-cbn-revoked-skye-bank-license/|title=Why CBN revoked Skye Bank licence - Vanguard News|date=2018-09-21|work=Vanguard News|access-date=2018-10-09|language=en-US}}</ref>

In August 2022, management of Polaris Bank denied reports that the bank was being sold to Auwal Lawan Abdullah, a relative of [[Ibrahim Babangida]].<ref>{{Cite web |last=olufemiajasa |date=2022-08-05 |title=Polaris Bank not sold, management debunks fake news |url=https://www.vanguardngr.com/2022/08/polaris-bank-not-sold-management-debunks-fake-news/ |access-date=2022-08-23 |website=Vanguard News |language=en-GB}}</ref><ref>{{Cite web |date=2022-08-05 |title=Polaris Bank in Safe Hands, No Need to Panic—Management {{!}} Business Post Nigeria |url=https://businesspost.ng/banking/polaris-bank-in-safe-hands-no-need-to-panic-management/ |access-date=2022-08-23 |language=en-GB}}</ref>

On 20 October 2022, the Central Bank of Nigeria (CBN) and the Asset Management Corporation of Nigeria (AMCON) announced the sale of 100 per cent of the equity in Polaris Bank to Strategic Capital Investment Limited, which paid an upfront consideration of N50billion (approximately US$115 million). They also agreed to pay N1.305 trillion (approx. US$3 billion) in bonds that CBN and AMCON had injected into Polaris. As a result of this transaction, CBN and AMCON recovered all the capital that had been injected into Polaris since 2018.<ref name="SaleR">{{cite web|url=https://leadership.ng/just-in-cbn-amcon-announce-sale-of-polaris-bank/ |title=CBN, AMCON Announce Sale Of Polaris Bank |work=[[Leadership (newspaper)|Leadership Nigeria]] |date=20 October 2022 |author=Mark Itsibor |access-date=23 October 2022 |location=Abuja, Nigeria}}</ref>

On January 10, 2024, the regulatory Central Bank of Nigeria dissolved the board and management of Polaris Bank and appointed Kayode Lawal as new Chief Executive Officer.<ref name="new_directors">{{cite web|url=https://businessday.ng/news/article/meet-the-new-directors-of-polaris-bank/ |title=Meet the new directors of Polaris Bank |work=[[Businessday (newspaper)|Businessday Nigeria]] |date=11 January 2024 |author=Mark Itsibor |access-date=11 January 2024 }}</ref>


==Branch network==
==Branch network==
Polaris Bank Limited maintains an interlinked branch network of over two hundred and sixty (260) branches in all parts of Nigeria. The bank maintains her headquarters at 3 Akin Adesola Street, [[Victoria Island, Lagos]], [[Lagos State]], [[Nigeria]].
Polaris Bank Limited maintains an interlinked branch network of over [https://www.polarisbanklimited.com/help-security/find-a-branch/ 260 branches] in all parts of Nigeria. The bank maintains her headquarters at 3 Akin Adesola Street, [[Victoria Island, Lagos]], [[Lagos State]], [[Nigeria]].


==Governance==
==Governance==
Effective 2016, the [[Chairman of the Board]] is M. K. Ahmad, who chairs the sixteen (16) member [[Board of Directors]]. The current [[Chief Executive Officer]] and [[Managing Director|Group Managing Director]] is Innocent Ike, appointed in September 2020.<ref name="13R"/>
Effective 2016, the [[chairman of the board]] is M. K. Ahmad, who chaired the 16-member [[board of directors]]. The [[chief executive officer]] and [[Managing director|group managing director]] was Innocent Ike, appointed in September 2020.<ref>{{Cite web |last=Awojulugbe |first=Oluseyi |date=August 29, 2020 |title=Innocent Ike appointed acting MD of Polaris Bank |url=https://www.thecable.ng/innocent-ike-appointed-acting-md-of-polaris-bank |access-date=August 29, 2020 |website=The cable}}</ref>

Following the acquisition by Strategic Capital in October 2022, Adekunle Sonola became the chief executive officer.<ref>{{Cite web |last=Ugwu |first=Chris |date=2022-10-22 |title=Meet Adekunle Sonola, the new MD/CEO of Polaris Bank Limited |url=https://nairametrics.com/2022/10/22/meet-adekunle-sonola-the-new-md-ceo-of-polaris-bank-limited/ |access-date=2022-11-01 |website=Nairametrics |language=en-US}}</ref>

On January 10, 2024, the regulatory Central Bank of Nigeria (CBN) dissolved the board and management of Polaris Bank and appointed Kayode Lawal as the new chief executive officer.<ref>{{Cite web|url=https://www.premiumtimesng.com/business/business-news/657953-profile-omokayode-lawal-polaris-banks-new-md-ceo.html/ |access-date=2024-01-11 |website= PremiumTimes |language=en-US |title=Profile: Omokayode Lawal, Polaris Bank's new MD/CEO |date=11 January 2024 }}</ref>


==See also==
==See also==
⚫
{{Portal|Banks}}
* [[Economy of Nigeria]]
* [[Economy of Nigeria]]
* [[List of banks in Nigeria]]
* [[List of banks in Nigeria]]
Line 55: Line 61:
==References==
==References==
{{reflist}}
{{reflist}}

13R. ^Polaris Bank "June 2022" https://www.polarisbanklimited.com/about-us/management-and-board-2/executive-management/#^


==External links==
==External links==
* {{Official website|http://polarisbanklimited.com }}
* {{Official website|http://polarisbanklimited.com }}
* [https://businessday.ng/news/article/meet-the-new-directors-of-polaris-bank/] As of 11 January 2024.
⚫
{{Portal|Banks}}


[[Category:Banks of Nigeria]]
[[Category:Banks of Nigeria]]
[[Category:Companies based in Lagos]]
[[Category:Companies based in Lagos]]
[[Category:Companies listed on the Nigerian Stock Exchange]]
[[Category:Nigerian brands]]
[[Category:Nigerian brands]]
[[Category:2006 establishments in Nigeria]]
[[Category:2018 establishments in Nigeria]]
[[Category:Victoria Island, Lagos]]
[[Category:Victoria Island, Lagos]]

Latest revision as of 04:10, 27 February 2024

Polaris Bank Limited
Company typePrivately Owned Commercial Bank
IndustryFinancial services
GenreBanking
FoundedSeptember 24, 2018; 5 years ago (2018-09-24)[1]
Headquarters3 Akin Adesola Street
Victoria Island, Lagos, Lagos State, Nigeria
Key people
Nil
Chairman
Kayode Lawal
Chief Executive Officer[2]
ProductsBanking
Financial services
ParentPolaris Bank Limited Edit this on Wikidata
Websitepolarisbanklimited.com

Polaris Bank Limited is a commercial bank based in Nigeria. It is licensed by the Central Bank of Nigeria, the country's banking regulator.[3][4] In October 2022, the bank was acquired by Strategic Capital Investment Limited.[5]

Overview[edit]

Polaris Bank is a large financial services provider in West Africa and Central Africa with headquarters in Nigeria. As of September 2010, the bank's total assets were valued in excess of US$3.9 billion (NGN:611.5 billion), with shareholders' equity of approximately US$630 million (NGN:98.4 billion).[6]

History[edit]

The bank traces its origins back to 1989 when Prudent Bank Plc., was incorporated as a limited liability company. In 1990, the bank was issued a license as merchant Bank. That same year, it re-branded as Prudent Merchant Bank Limited. In 2006, Prudent Merchant Bank Limited merged with four other Banks to form Skye Bank Plc.:[7][8]

  • Bond Bank Limited
  • EIB International Bank Plc.
  • Reliance Bank Limited
  • Co-operative Bank Plc.

In May 2021, the bank introduced launched VULTe, its Digital Banking platform ." The bank also offers Internet banking and mobile banking.[9] In 2014, the bank acquired Mainstreet Bank Limited.[10]

Ownership[edit]

On 21 September 2018, Godwin Emefiele, the governor of the Central Bank of Nigeria announced in Lagos that the apex bank had revoked the operating licence of Skye Bank.[11][12][13] He also stated that the assets and liabilities of the bank would be taken over by a new entity, Polaris Bank[14] due to the inability of the Skye Bank's shareholders to adequately recapitalise the bank after the 2016 intervention.[15]

In August 2022, management of Polaris Bank denied reports that the bank was being sold to Auwal Lawan Abdullah, a relative of Ibrahim Babangida.[16][17]

On 20 October 2022, the Central Bank of Nigeria (CBN) and the Asset Management Corporation of Nigeria (AMCON) announced the sale of 100 per cent of the equity in Polaris Bank to Strategic Capital Investment Limited, which paid an upfront consideration of N50billion (approximately US$115 million). They also agreed to pay N1.305 trillion (approx. US$3 billion) in bonds that CBN and AMCON had injected into Polaris. As a result of this transaction, CBN and AMCON recovered all the capital that had been injected into Polaris since 2018.[18]

On January 10, 2024, the regulatory Central Bank of Nigeria dissolved the board and management of Polaris Bank and appointed Kayode Lawal as new Chief Executive Officer.[19]

Branch network[edit]

Polaris Bank Limited maintains an interlinked branch network of over 260 branches in all parts of Nigeria. The bank maintains her headquarters at 3 Akin Adesola Street, Victoria Island, Lagos, Lagos State, Nigeria.

Governance[edit]

Effective 2016, the chairman of the board is M. K. Ahmad, who chaired the 16-member board of directors. The chief executive officer and group managing director was Innocent Ike, appointed in September 2020.[20]

Following the acquisition by Strategic Capital in October 2022, Adekunle Sonola became the chief executive officer.[21]

On January 10, 2024, the regulatory Central Bank of Nigeria (CBN) dissolved the board and management of Polaris Bank and appointed Kayode Lawal as the new chief executive officer.[22]

See also[edit]

References[edit]

  1. ^ Vanguard Nigera (22 September 2018). "NSE suspends trading on Skye Bank shares". Vanguard (Nigeria). Lagos. Retrieved 5 November 2018.
  2. ^ Polaris Bank (5 November 2018). "The Board of Directors of Polaris Bank Limited". Polaris Bank Limited. Lagos. Retrieved 5 November 2018.
  3. ^ Central Bank of Nigeria (5 November 2018). "Central Bank of Nigeria: List of Licensed Commercial Banks". Abuja: Central Bank of Nigeria. Retrieved 5 November 2018.
  4. ^ Udo, Bassey (21 September 2018). "Nigeria's Central Bank takes over Skye Bank". Premium Times. Abuja. Retrieved 5 November 2018.
  5. ^ Iyatse, Geoff (2022-10-21). "Strategic Capital acquires 100 equity in Polaris Bank". The Guardian Nigeria News - Nigeria and World News. Retrieved 2022-11-01.
  6. ^ Unaudited Financial Report: September 2010 Archived January 4, 2011, at the Wayback Machine
  7. ^ Obinna, Chima (24 September 2018). "A Decade after, Like Lehman Brothers, Like Skye Bank?". This Day. Lagos. Retrieved 5 November 2018.
  8. ^ OMEJE, Chikezie (2018-09-22). "Skye Bank takeover: A journey from Afribank to Polaris Bank". The ICIR. Retrieved 2022-09-06.
  9. ^ "Nigeria: Skye Bank Unveils First Mastercard Verve". Daily Champion via AllAfrica.com. Lagos. 27 January 2011. Retrieved 5 November 2018.
  10. ^ "MainStreet Bank, Acquired by Polaris Bank Ltd. on October 31st, 2014 | Mergr". Mergr.com. 31 October 2014. Retrieved 20 August 2022.
  11. ^ Nike Popoola (21 September 2018). "CBN revokes Skye Bank's licence, Polaris Bank takes over". The Punch. Retrieved 5 November 2018.
  12. ^ "Breaking: Skye Bank's operating licence revoked by CBN - Vanguard News". Vanguard News. 2018-09-21. Retrieved 2018-10-09.
  13. ^ siteadmin (2018-09-21). "BREAKING: CBN Revokes Skye Bank's | Sahara Reporters". Sahara Reporters. Retrieved 2018-10-09.
  14. ^ "CBN revokes Skye Bank's licence, Polaris Bank to take over assets - TheCable". TheCable. 2018-09-21. Retrieved 2018-10-09.
  15. ^ "Why CBN revoked Skye Bank licence - Vanguard News". Vanguard News. 2018-09-21. Retrieved 2018-10-09.
  16. ^ olufemiajasa (2022-08-05). "Polaris Bank not sold, management debunks fake news". Vanguard News. Retrieved 2022-08-23.
  17. ^ "Polaris Bank in Safe Hands, No Need to Panic—Management | Business Post Nigeria". 2022-08-05. Retrieved 2022-08-23.
  18. ^ Mark Itsibor (20 October 2022). "CBN, AMCON Announce Sale Of Polaris Bank". Leadership Nigeria. Abuja, Nigeria. Retrieved 23 October 2022.
  19. ^ Mark Itsibor (11 January 2024). "Meet the new directors of Polaris Bank". Businessday Nigeria. Retrieved 11 January 2024.
  20. ^ Awojulugbe, Oluseyi (August 29, 2020). "Innocent Ike appointed acting MD of Polaris Bank". The cable. Retrieved August 29, 2020.
  21. ^ Ugwu, Chris (2022-10-22). "Meet Adekunle Sonola, the new MD/CEO of Polaris Bank Limited". Nairametrics. Retrieved 2022-11-01.
  22. ^ "Profile: Omokayode Lawal, Polaris Bank's new MD/CEO". PremiumTimes. 11 January 2024. Retrieved 2024-01-11.

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Polaris_Bank_Limited&oldid=1210544356"