Polaris Bank
Ten Facts to note about Polaris Bank
Tweet Tweet Share Whatsapp reddit The headlines have been buzzing with the news of the sale of Polaris bank. Here are ten important facts to note: Polaris Bank was created as a bridge bank. This means that it was created to manage the assets and liabilities of another bank which failed (in this case, Skye Bank). The regulatory authorities intervened to stabilize the bank with the much-needed liquidity. The bank has since grown and its roots are grounded in the Nigerian financial ecosystem thus now fit for ownership by competent and capable investors. The new investor is Strategic Capital Investment Limited. Ponglomerape Limited is a diversified conglomerate with massive investments in the real estate, Agriculture, Manufacturing, and Consulting sectors. The company was established to ...
House summon AGF over ‘blockage’ of $60 billion repatriation
The House of Representatives has again summoned the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN) for allegedly halting the repatriation of $60 billion loot from Texas, United States of America. The Chairman of the Ad hoc Committee on Assessment and Status of All Recovered Loots – Movable and Immovable Assets from 2002 to 2020 by Agencies of the federal government for Effective Efficient Management and Utilisation, Rep. Adejoro Adeogun, summoned Malami on Wednesday in Abuja when a former Special Prosecutor to the Special Presidential Investigation Panel (SPIP), Mr Tosin Ojaomo, appeared before it. He also revealed that before the panel which was headed by Okoi Obono-Obla was disbanded, it investigated the Auditor General of the Federation for the withdra...
Court orders final forfeiture of ex-Zamfara governor’s money in Zenith, Polaris banks
The Federal High Court, Abuja, on Tuesday, ordered the final forfeiture of former Governor of Zamfara, Abdulaziz Yari’s funds domiciled in Zenith and Polaris Banks. While 56, 056.75 dollars was lodged in Polaris Bank account, the sums of N12.9 million, N11.2 million, 301, 319.99 dollars; N217, 388.04 and 311, 872.15 dollars were kept in different Zenith Bank accounts in the name of Yari and his companies. Justice Ijeoma Ojukwu, in a judgment, held that the former governor had not shown good cause why the order sought by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) should not be granted. Yari served as governor of Zamfara between May 2011 and May 2019. The ICPC had instituted a suit, praying the court for the former governor to show cause why the money unde...
Tokunbo Abiru proposes antidote for national challenges
Mr Tokunbo Abiru, APC’s candidate for the Lagos East bye-election, has said that quality representation at the National Assembly is an antidote to diverse national development and security challenges. The post Tokunbo Abiru proposes antidote for national challenges appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Lagos East: APC has no candidate yet – Lagos chair
Contrary to the news trending on social media platforms announcing the emergence of Polaris Bank MD, Tokunbo Abiru, as the candidate of the All Progressives Congress (APC) for the Lagos East Senatorial district, Chairman of All Progressives Congress, (APC) in the State, Hon Tunde Balogun, has said the party has not chosen any candidate for the bye-election. According to Balogun, the news flying around on social spaces is nothing but fake news stressing that no candidate would emerge without a primary. Speaking to newsmen, Hon Balogun said the party is yet to begin sales of Expression of Interest form and that it is impossible for any candidate to emerge without the primary. He said: “This is news to me. We have not even started selling nomination forms. I don’t know where the news of his (...
