By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    2 months ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    2 months ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    2 months ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    2 months ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    2 months ago
  • Africa
    Africa
    Show More
    Top News
    Afreximbank Unveils 2024 CANEX Deal Room for Creative Industries
    12 months ago
    Ooni’s Wife, Olori Temitope Enitan-Ogunwusi Takes Ile Ife Royalty To ADWIN Launch In Cote d’Ivoire
    3 months ago
    African Union Member States Pledge To Improve Nutrition And Food Security In Africa
    3 years ago
    Latest News
    New AfDB President Set Youth Target In 100 Days, To Prioritise Reforms, Partnerships
    5 days ago
    Bank Video on President Adesina’s Gender Advocacy Wins Two International Awards
    1 week ago
    Ghana President Mahama Calms Nigerians’ Fears: No Mass Deportations
    1 month ago
    At Gender Statistics Forum, African Leaders Urge Renewed Commitment To Quality Gender Data
    2 months ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Governor Ododo
    Kogi Governor, Usman Ododo In Owo, Leads Ebira People To Mega Rally For Ayedatiwa/Omilani
    10 months ago
    Youth Party
    Youth Party Appreciate Voters, Rejects Lagos Council Polls, Alleges Widespread Rigging
    2 months ago
    Peter Obi’s Big Win In Lagos Set Social Media On ‘Fire’
    3 years ago
    Latest News
    NSC Chairman To Engage With Youth And Sports Stakeholders At The Nest Centre
    3 weeks ago
    Edo District Bye-election: SDP Candidate, Hon. Isidahomhen Promises To Pursue Best Interest Of Esanland 
    4 weeks ago
    PHOTOS: Vinod Obasa Takes Oath Of Office
    1 month ago
    Gov Adeleke’s Outburst Against Aregbesola Shows Sign Of A Drowning Man – ADC Group
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    Unlock Your Potential: NEXIM MD Inspires Nigerian Youth To Pursue Their Passions, Highlighting Opportunities In Non-oil Value Chains
    5 days ago
    Gov Okpebholo Rescues Over 10 Accident Victims On Benin–Auchi Highway
    7 days ago
    Lagos SWAN Chairman, Oladunni, Elected into Fellowship of the Institute of Security Nigeria
    2 weeks ago
    Entrepreneurship, Mentorship, And Scholarship Are Gains Of FUTO Alumni Homecoming 2025
    2 weeks ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Africa Magic Viewers' Choice Awards
    Celebrating African Cinema: AMVCA’s Growing Influence in Global Entertainment
    5 months ago
    Temi Otedola Makes Her Stage Debut In Motherland The Musical
    3 years ago
    Discover Exciting Programmes with Ease on GOtv
    2 years ago
    Latest News
    Hello Mr Right Naija Season 3: Love, Drama And Surprises Await This September!
    2 days ago
    BBNaija Season 10: Faith Bags Most Influential Housemate, Snatches Head of House from Sultana in Week 6
    5 days ago
    Huzzainat Adebayo (Huzzy Mama) Speaks About Her Career In Nollywood
    6 days ago
    Story Of A Greener Future: MultiChoice’s Journey To Renewable Energy And A 20% Carbon-emission Cut By 2028
    2 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    NCC, NICO To Leverage Telecom Channels To Promote Nigerian Cultural Heritage
    1 year ago
    2023 Hajji: Lagos Pilgrim To Pay N3.2m
    2 years ago
    UAMC Annual Conference: Ogunlewe Assures Of Successful Hosting
    8 months ago
    Latest News
    Preserving African Culture: Polaris Bank , Chivita, And Danone Support CIKDAS’ Youth Literary Initiative
    6 hours ago
    Nigeria, Switzerland Takes Major Steps Towards Repatriation Of Artifacts And Cultural Cooperation
    1 week ago
    Archbishop Ugorji Hails St. Helen’s Choir As One of the Best Choirs in Owerri Archdiocese
    1 week ago
    Lagos Tourism Ministry Visits Heritage Sites For Inventory, Documentation
    2 weeks ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Bank of Agriculture
    How Nigeria-Brazil Pact Will Boost Agricultural Investment, Food Security – BOA
    5 days ago
    Nexim Bank Boss To Engage Young Nigerians With Non-oil Export Opportunities For Wealth Creation At Breakfast Session
    2 weeks ago
    ₦46B in pre-launch transactions.
    After ₦46B Pre-launch Transactions, Fidelity Bank Unveils PAPSS In Nigeria
    3 weeks ago
    Opay In Trouble, Caught In Alleged Fraud Allegations And Legal Controversies Between January To July 2025
    1 month ago
    Petralon's Nigerian Drilling Campaign to Boost Offshore Oil Output
    Petralon’s Nigerian Drilling Campaign To Boost Offshore Oil Output
    2 months ago
  • Health
    Health
    Show More
    Top News
    Bouillion Fortification: For Industry Profit Or Public Health Interest?
    12 months ago
    Dr. Ahmed Ogwell
    VillageReach Names Dr. Ahmed Ogwell As CEO To Drive Its 2030 Strategy
    4 months ago
    WHO
    WHO Gives Nigerian Laboratory Full Accreditation To Fight Measles And Rubella
    3 years ago
    Latest News
    Jubilation In Ebonyi As FG, State Govt Activate MAMII To Safe Pregnant Women And Babies
    19 hours ago
    Abakaliki Agog As MAMII Train Enters Ebonyi State
    3 days ago
    LASU Professor Wins Distinguished Meritorious Obstetrics and Gynecological ICON Award
    4 days ago
    At AIDS Council Meeting, Lagos First Lady Urges Bold, Sustainable Action for Nigeria’s HIV Response
    1 month ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Management Denies Sale Of Polaris Bank
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Uncategorized > Management Denies Sale Of Polaris Bank
Uncategorized

Management Denies Sale Of Polaris Bank

Last updated: 2022/08/06 at 7:35 AM
3 years ago
Share
SHARE

Management of Polaris Bank has debunked rumours milling around that the bank has been put up for sale.

The bank says an online publication purportedly circulating that the bank has been sold was false and should be disregarded by the members of the Nigerian public.

The statement from the bank on Friday reads: “Our attention has been drawn to an online report on the purported sale of Polaris Bank Limited.

“This publication is speculative, deliberately intended to create panic and should be disregarded by the banking public.

- Advertisement -
Ad imageAd image

“Stakeholders may recall the regulatory intervention in the erstwhile Skye Bank by the CBN and the subsequent injection of capital via the Asset Management Corporation of Nigeria (AMCON) through a bridge bank process, which birthed Polaris Bank in 2018. The bank has since stabilized its operations following the intervention; improving its balance sheet, customer base and profitability.

“Whilst the intention has always been to return the bank to private ownership, such a sale would occur following regulatory approvals with formal notification to all relevant stakeholders. The Bank is committed to ensuring timely communication to the public during such an event.

“The Board and Management hereby reassure its customers, staff and the general public that Polaris Bank remains a stable, strong and credible financial institution, positioned to deliver sustainable value to all its stakeholders.”

You Might Also Like

Over 500 Global Experts To Attend Inaugural Lagos Water Summit

Why Domestic Violence, Sexual Abuse Thrive In Nigerian Society – Lagos Official

Over 250 Sports People To Storm Lagos For First-ever E1 Race In Africa

Huzzainat Adebayo (Huzzy Mama) Speaks About Her Career In Nollywood

Agege LG Acting Chairman, Obasa Commences Familiarization Tour Of Council Offices And Facilities

TAGGED: CBN, Polaris Bank
INadminNG August 6, 2022 August 6, 2022
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article New Films Showing Impacts Of yellow Fever In Nigeria Produced
Next Article Team Nigeria’s Medal Haul At Birmingham Games Excites Buhari
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?