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Tag: Polaris Bank

Polaris Bank names Chinwe Iloghalu new Executive Director
Banking

Polaris Bank restricts VULTe access for four-day system upgrade

Polaris Bank has informed customers that access to its digital platform, VULTe, will be restricted for four days due to a planned system upgrade. The temporary disruption is part of scheduled maintenance designed to enhance the platform’s performance and improve overall user experience. The bank disclosed this in a notice issued to customers via email. […]

Polaris Bank names Chinwe Iloghalu new Executive Director
Uncategorized

Polaris Bank names Chinwe Iloghalu new Executive Director

Polaris Bank has appointed Chinwe Iloghalu to its executive leadership team as Executive Director, Lagos and Corporate Banking. According to Nairametrics, Chinwe will work for Polaris Bank Limited, a Tier II Nigerian private limited liability corporation that offers banking and other financial services to the country’s citizens through retail, SME, commercial, corporate, and government MDA […]

Building representing Real Estate
Business

Real estate firm, bank build market for electrical, building materials dealers

A real estate company, M. I. Okoro and Associates, has announced its partnership with Polaris Bank to build market and relocate about 2,000 electrical and building materials dealers in Rivers State. According to the Founding Partner, Meckson Okoro, in a briefing with journalists in Lagos, plans are in progress to relocate traders selling in Okija, […]

Ondo court orders CBN to freeze Polaris bank account
News

Ondo court orders CBN to freeze Polaris bank account

The Central Bank of Nigeria has been directed by an Ondo High Court to freeze the account of Polaris Bank over a judgment debt of N2,162,561,509.84k. According to the Nation, the verdict was delivered by the presiding judge, Justice Adebusoye, in an application filed by Ondo Attorney General and Commissioner for Justice, Sir Charles Titiloye. […]

Strategic Capital Investment
Banking

Polaris Bank announces new board

Strategic Capital Investment has appointed a new board of directors, just 24 hours after announcing the acquisition of Polaris Bank. The newly appointed board members will be in charge of navigating the bank’s affairs as it enters a new stage of growth. According to a corporate disclosure issued by the bank on Friday afternoon, the […]

Reps stops CBNs sale of Polaris Bank
Banking

CBN sells Polaris Bank N50bn

Strategic Capital Investment Limited has completed the acquisition of the entire Polaris Bank shares for N50 billion. The Central Bank of Nigeria which announced the sale of the bank in a press release on its website on Thursday said it worked in partnership with AMCON to complete the sale. “The Central Bank of Nigeria (CBN) […]

Reps stops CBNs sale of Polaris Bank
Banking Uncategorized

Reps stops CBNs sale of Polaris Bank

The House of Representatives has asked the Central Bank of Nigeria to halt the planned sale of Polaris Bank Plc. According to reports, the lawmakers urged the CBN to wait until all processes for an open, transparent, and competitive bid are completed in accordance with best practices and procedures for divestment of this type. The […]

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