The Central Bank of Nigeria has withdrawn the operating license of Skye Bank. Umaru Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists on Friday, September 21, 2018.
Umaru said the NDIC in collaboration with the Central Bank of Nigeria (CBN) has approved that a bridge bank will be established.
Addressing journalists, Godwin Emefiele, CBN governor, said the bridge bank, Polaris Bank, will take on the assets and liabilities of Skye Bank.
“Consequently, Polaris Bank Limited has been issued operating license by the CBN and shall commence banking business from today, Friday, 21st September,” Umaru said.
“The operating license of Skye Bank has been revoked by the governor of the Central Bank and the NDIC has commenced its liquidation.
The capitalization of Polaris Bank Limited is being done by the Assets Management Corporation of Nigeria through the injection of about N786 billion to return the bank to soundness and profitability so as to enable its subsequent sale to credible and financially sound third-party acquirers.”
Emefiele said that although the bank’s performance improved after July 2016 when the Assets Management Corporation of Nigeria and the CBN stepped in.
“The result of our examinations and forensic audit of the bank revealed that the Skye Bank requires urgent recapitalization as it can no longer continue to live on borrowed times with indefinite liquidity support from the CBN.
“We wish to assure all depositors that under this arrangement, their deposits shall remain safe and that normal banking services shall continue in the new bank on Monday, 24th September 2018, to ensure customers to transact their businesses seamlessly.”
The shares of Skye Bank will be temporarily suspended on the Nigerian Stock Exchange and Polaris Bank will begin operations on Monday in all Skye Bank offices.
Dare devil robbers, Thursday evening reportedly invaded Igarra, headquarters of Akoko-Edo local government area of Edo state and attempted to rob the two banks in the town; Unity Bank and keystone Bank and in the process, not less than 12 persons including a policeman were feared killed.
Also among those reportedly killed in the police station were two detainees who were said to have been arrested yesterday morning for minor offences; one of them was reportedly arrested for incomplete vehicle particulars.
As at the time of this report, the Police Public Relations Officer, Chidi Nwabuzor said information about the attack was still sketchy and would release more details later.
COLOSSUS GISTS gathered that the armed men had first attacked the police station which is about 1.2 kilometre from the banks apparently to demobilise the only means of neutralising their act where they burnt the official vehicle of the newly posted Area Commander and killed a policeman.
Three other persons near the police station were also reportedly killed. At least four other persons were reportedly killed within the premises of the two banks apparently in anger as it was gathered that the armed men could not get access to the vault of the banks.
One of the youths in the community Ofei Obende said they tried to resist the robbers but were overpowered by their firepower but said that the police in the banks had an exchange of gunfire which he said was responsible for the death of the three unidentifiable bodies. He said another unknown person was caught in the crossfire and could help police in their investigation.
The Palace Secretary to the paramount ruler of the community, Otaru of Igarra, Elder Folorunsho Dania who confirmed the incident and added that
“This is a serious case, armed robbers have besieged Igarra so many lives killed, ten dead persons have been counted. The police station set ablaze, the Area Commander’s new car set ablaze because we have an area commander now, then close to the police station, three people were killed and in the banks too; Keystone and Unity Banks many persons were killed and the banks raided, it is a calamity.
“In all, ten lives have gone. They could not access the strong room of the banks. The people that were killed in bank were outside the bank premises.
Four persons killed within the bank premises, a policeman killed in the police station then a stone throw from the police station, three persons were killed, the car of the new area commander was set ablaze.
Igarra is in a war scene, I am right at the police station. It would be recalled that six persons were killed in a similar manner in November 2015 when armed robbers invaded the community.
 |
| L-R: Deputy Director (OFISD), Central Bank of Nigeria, Lagos, Mr. Ekpo Bassey-Duke; Managing Director and Chief Executive Officer, NIBSS, Mr. Adebisi Shonubi; General Manager, Mobile Financial Services, MTN Nigeria, Usoro Usoro; Deputy Managing Director/Chief Risk Officer, Diamond Bank, Caroline Anyanwu; Executive Director, Business Development, NIBSS, Niyi Ajao and Chief Executive, Stanbic IBTC Bank, Dr. Demola Sogunle at the Mcash Relaunch Event at the Eko Hotel and Suites on Tuesday, July 31st, 2018 |
MTN Nigeria alongside other telecommunications companies and banks supported Nigeria Interbank Settlement Systems Ltd (NIBSS) to relaunch mCash on Tuesday, July 31st, 2018 at the Eko Convention Centre, Eko Hotel and Suites, Victoria Island.
mCASH is an innovative solution created to facilitate low-value retail payments and grow e-payments by providing accessible electronic channels to a wider range of users to enhance financial inclusion in Nigeria.
 |
| CCO, Citiserve Ltd, Tobi Osibodu (left) with MD and CEO, NIBSS, Mr. Adebisi Shonubi, at the MCash Relaunch Event |
The MD/CEO, NIBSS, Mr. Adebisi Shonubi, gave the welcome remarks, shedding light on the journey of mCAsh since 2016 and explained that the cashless service was created to make it easier to replace the use of physical cash in Nigeria.
General Manager, Mobile Financial Services, MTN Nigeria, who represented the CEO, Ferdi Moolman, gave an engaging keynote address on the participation of telecommunications companies in the growth of MCash.
Caroline Anyanwu, Deputy Managing Director/Chief Risk Officer, Diamond Bank, took the stage to share how the banking industry came together to build a cashless future with mCash.
Various merchants were at the event to share their MCash stories and it was a success all round!
Mrs. Christabel Onyejekwe, ED, Technology & Operations, NIBSS closed the event and stated that the best was yet to come and the journey to a truly cashless society had begun in earnest.
Subscribe to:
Posts
(
Atom
)
