Why they are attacking Polaris Bank

Mon, Oct 1, 2018 | By publisher


Banking Briefs

There is a vicious campaign going on against the newly established Polaris Bank, and those behind it are the same evil people who ruined Skye Bank. “Their plot is to create a run on Polaris Bank in order to cover their tracks and mask their abortive attempt to defraud both the depositors and share holders of Skye Bank. We already know the CBN and NDIC are preparing to press charges against them and bring upon them the full weight of the lawyers of Nigeria,” a source close to the Central Bank of Nigeria, CBN, said.

The source said: “What a wicked generation of rogues who claim to be investors in a bank? After sharing depositors funds to themselves by way of non-performing loans, denying shareholders their investments, now they also wanted to defraud depositors.  But for the timely intervention of CBN and Nigeria Deposit Insurance Corporation, NDIC, to save the masses of Nigerians who banked with Skye bank most of the tens of millions of Skye bank depositors would have been crying today.

“We depositors of former Skye bank and now POLARIS BANK can no longer sit by and allow these criminals to continue this false campaign in order to destroy our new POLARIS BANK. We believe and trust in the integrity of CBN and NDIC and we applaud the innovative manner in which they have managed the Skye Bank crisis. The Economic and Financial Crimes Commission, EFCC, should now step in and get hold of these thieves and jail them for corporate fraud and economic sabotage.

“Polaris Bank has come to stay and our deposits must be saved once again from the bandits circulating this falsehood,” some concerned depositors of the bank said.

– Oct. 1, 2018 @ 17:59 GMT |

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