Tag: Polaris
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Polaris Bank Supports Private School Owners with Credit Line
Polaris Bank is impacting Nigeria’s education sector with a significant funding boost through its bundled loan solution called ‘Polaris Education Loan’ as it sets aside a dedicated Credit Line to Support Private School Owners. The Polaris Education Loan offers both new and existing private primary, secondary, and tertiary institutions customers of the Bank, access to…
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Recovered loots: We’ve paid $300m deposit to NNPC with interest, Polaris bank tells Reps panel
By Emman Ovuakporie As the investigative hearing over the whereabouts of the $300 million deposit by the Nigeria National Petroleum Corporation, NNPC into the Polaris bank continues, the acting Managing Director Mr Innocent Ike has insisted that it has paid everything back to the corporation. TheNewsGuru.com (TNG) reports the bank during the hearing told the…
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Polaris Bank Sustains Profit Growth with N28.9bn (PBT) in 2020 financial year
Polaris Bank Limited has released its full-year audited financial results for the year ended December 2020 posting a Profit Before Tax (PBT) of N28.9billion. The results which show the Bank’s second year performance scorecard after two years of operation, have further consolidated the Bank’s position as focused on the path of profitability, growth, and value…
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Polaris Bank Commences payout in US dollars to money transfer recipients
Polaris Bank has commenced payment of US dollars to all beneficiaries of money transfer across all its branches in Nigeria. According to a notice from Polaris Bank sent to its customers on Sunday, 6 December 2020, beneficiaries of money transfer can now receive their remittance in US dollars in cash or directly into a domiciliary…
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Banker falsifies customer’s cheque, steals N22.3m
A banker with the Polaris Bank, Babatunde Keshinro, was on Monday arraigned by the Economic and Financial Crimes Commission for allegedly forging a customer’s cheque and stealing the sum of N22.3m. He was arraigned before the Lagos State Special Offences Court in Ikeja on nine counts bordering on stealing, forgery and fraudulent accounting. According to…
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[UPDATE] Bloody bank robbery in Ondo: How robbers killed policemen, customers in First Bank, Polaris
Policemen and bank customers were among people killed yesterday after daredevil robbers attacked First Bank and Polaris Bank in Ile-Oluji community, headquarters of Ile-Oluji/Oke-Igbo Local Government Area of Ondo State. Although the number of dead people were yet unknown, eyewitnesses claimed that two policemen and two bank customers were among those mowed down by the…