See What Will Happen To Polaris Bank After 2019 Election

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Polaris Bank, formerly Skye Bank, will be sold off to interested buyers after the 2019 general elections, it has emerged.

The spokesman of the Assets Management Corporation of Nigeria (AMCON), Jude Nwauzor disclosed on Tuesday that the electoral period was delaying the corporation’s planned bid to sell the bank.

He noted that expression of interest from investors would be advertised after the general election to kickstart the sale process.

“The election season has slowed down things,” he said. “We would advertise for expressions of interest from investors after elections and commence the sale process.”

However, the management of Polaris Bank has assured customers of the safety of their deposits in the bank.

In a tweet, the bank said that it remained a “stable” financial institution that was capable of meeting its obligations anytime.

Responding to a query from a customer on Twitter, the bank tweeted: “We would like to use this opportunity to assure our valued customers of the safety of their funds. Polaris Bank is financially stable and capable of meeting our obligations anytime.”

See tweet:

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John is a University of Lagos-trained journalist. His views are always the end products of a deliberate search for information and knowledge. He has read almost every novel written by Chinua Achebe, Jeffrey Archer and Dan Brown. He is an expert Scrabble and draughts player who is also excellent at swimming. If you know the capitals of 45 African countries by heart, then you are exactly like him.

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