Wednesday, March 22, 2023

Polaris Bank

December 31, 2022

EXCLUSIVE: In plot to be CBN governor, Aishah Ahmad rejects N1 trillion bid for Polaris; sells bank N50 billion to Mamman Daura, Tunde Sabiu, Auwal Gombe

The only female deputy governor has steered several missteps that went unreported, but her involvement in a scheme to topple her boss has grown too elaborate for ceaseless secrecy.

Mamman Daura, Aishah Ahmad and Yusuf Tunde Sabiu (Credit: Ahmed Oluwasanjo/Peoples Gazette)
December 8, 2022

Appeal Court reverses Polaris Bank’s sale of Intercontinental Hotel

In a unanimous judgment, three judges of the court ruled that Milan Industries had fully reimbursed the bank for the N2 billion mortgage facility it obtained from Polaris Bank.

Polaris Bank and Intercontinental Hotel, Lagos
October 21, 2022

Polaris Bank gets new management board one day after its sale

AdekunIe Sonola, was appointed as the new Managing Director/Chief Executive Officer.

August 2, 2022

EXCLUSIVE: CBN to sell Polaris Bank for N40 billion to Auwal Gombe, IBB’s in-law, after rescuing it with N1.2 trillion

Godwin Emefiele and other wheeler-dealers could squeeze more for Nigerians by advertising the bank rather than a secret sale that would benefit only those conducting the backroom talks.

Godwin Emefiele, Polaris Bank and Auwal Abdullahi Gombe
June 22, 2022

Court orders Polaris Bank to refund $30,769 illegally deducted from customers’ accounts

The complainants accused the bank of making unlawful deductions from their accounts with no justification whatsoever.

Polaris Bank
October 13, 2021

House gives banks ultimatum to remit N10 billion customs duties

Some banks have failed to remit N10 billion they collected as customs duties, the house committee on customs alleged.

House of Representatives, [PHOTO CREDIT: Official Twitter handle of Reps NGR]
September 7, 2021

Tax: Niger govt shuts down First Bank, GTB, UBA, Stanbic IBTC, other banks

The Niger State Internal Revenue Service (NGSIRS) has shut down eight commercial banks and the AEDC over N456 million tax debts.

January 3, 2021

AEDC lists parts of Abuja to experience blackout

The company says the outage is to allow for replacement of the entire breaker panels in the axis.

AEDC staff