Nigerians have been left in utter shock following the withdrawal of the operating licence of Skye Bank Plc and subsequent replacement with Polaris Bank.
The Central Bank of Nigeria (CBN) revoked the license on Friday due to the failure of Skye Bank’s shareholders to recapitalise the bank.
In the meantime, bridge bank, Polaris, will assume the assets and liabilities of the defunct bank.
Despite the CBN’s insistence that deposits shall remain safe with normal banking services set continue on Monday under this arrangement, Nigerians, particularly Skye Bank customers, are still in a panic.
Idk man, the Nigerian in me would not let me leave my money with Skye Bank for one more day after CBN revoked their licence. I’d be cleaning that account out.
— es (@sammoyd) September 22, 2018
Been trying to transfer money from skye bank account since last night and it’s not going… Now I am panicking…..
— Shining Star (@MichaelAkinbode) September 22, 2018
Polaris bank Again????
NAWA skye Bank afribank mainstreet mow na POLARIS BANK.
be like say i go remove my deposits for that bank sef— Edyfied (@TheEddiefied) September 22, 2018
This is what Skye Bank ATM machines have suddenly turned to. Its customers are so confused at the moment. Looking for every possible way to withdraw their money. pic.twitter.com/MIaYm6MdB4
— ILE AYE ILE ASAN (@KILOUNSOOURH) September 22, 2018
Thank God say my skye bank account has just 1K in it. Else
— KEHINDE 🇳🇬 (@kehindeifejames) September 22, 2018
I opened an account with then Prudent Bank in 2003. It metamorphosed into Skye Bank during the days of Soludo’s bank restructuring. Yesterday it became Polaris Bank. Don’t know what it will become tomorrow. All I know is that it’s a damn great service bank. But this is Nigeria.
— Waiting for Change! (@Kelbiko) September 22, 2018
Hello ma ….its consoling my balance has not changed .I can’t perform any transaction for now …….skye bank is holding my life savings oooo…..I pray no penny is lost ….
— #i_am_Ah3Ey (@ah3ey) September 22, 2018
@PolarisBankL I have made multiple attempts to make a transaction from my Skye Bank mobile app since yesterday to no avail. Kindly assist.
— Chukwurah Chinedu (@chuks_chinedu) September 22, 2018
