Tag: Polaris Bank
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Polaris Bank clarifies disengagement of staff
Polaris Bank has denied violating any law in a recent disengagement of some staff which it said was done in line with the terms of the contract guiding their engagements.
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NUBIFIE pickets Polaris Bank over members’ sack
The National Union of Banks, Insurance, and Financial Institutions (NUBIFIE) on Tuesday picketed the headquarters of Polaris Bank, Victoria Island, over an alleged violation of workers’ rights. The Secretary-General, Mr Mohammed Sheikh, accused the
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Polaris Bank commences Phase IV of its breast cancer screening exercise
Polaris Bank has announced that it has commenced breast cancer screening for its staff and customers meant to reduce the incidence of breast cancer in Nigeria.
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New owner of Polaris Bank revealed, related to ex-military president
The new owner of Polaris Bank, Auwal Lawal, is the in-law to the former Nigerian military ruler, General Ibrahim Badamosi Babangida (rtd). He is married to Halima, the second daughter, and last child of the former Nigerian military head of state.
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Polaris Bank appoints Ahmad Chairman, Adekunle Sonola MD
Polaris Bank has appointed a new independent Board of Directors to lead the bank’s growth strategy. Alhaji Muhammad Ahmad, Chairman Polaris Board, said in a statement in Lagos. The statement said that the board would have six non-executive directors and three executive directors. The new board and management include: Ahmad, Chairman; Abubakar Suleiman, non-executive director;…
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CBN sells Polaris Bank to new investor, Strategic Capital Investment
The Central Bank of Nigeria (CBN) and the has announced the sale of Polaris Bank to a new core investor, Strategic Capital Investment Ltd. (SCIL). A statement signed by Mr Osita Nwanisobi, Director, Corporate Communications and posted on CBN website on Thursday, said the sale was
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Sale of Polaris Bank followed due process – House of Reps C’tte
Mr Henry Nwawuba, Chairman, House of Representatives Ad hoc Committee investigating the sale of Polaris Bank, on Thursday, said the ongoing sale of the bank followed due process. The lawmaker said this at a news conference at the National Assembly in Abuja. He allayed investors’ fears on the status of the financial institution, adding that…
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House of Reps directs CBN to suspend sale of Polaris Bank
The House of Representatives has directed the Central Bank of Nigeria (CBN) to suspend the sale of Polaris Bank Plc immediately. The House said the suspension should be until the CBN deposit Insurance Corporation and the Asset Management Corporation of Nigeria concluded all processes for open, transparent, and competitive bid process.
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NDIC gives update on sale of Polaris Bank, other banks
Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC) has said that all Deposit Money Banks (DMBs) in Nigeria, including Polaris Bank are safe and sound. Hassan made the clarification on the sideline of a three-day Capacity Building Workshop organised by the Legal Department of NDIC, for law enforcement agencies at BWC Hotel, Victoria…
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Polaris Bank’s Media Capacity Workshop excites Participants
The much anticipated Polaris Bank Limited sponsored media capacity building workshop for online publishers held last Friday.