Central Bank of Nigeria Clears Air On Sale Of Polaris Bank 

The Central Bank of Nigeria says that the sale of Polaris Bank followed due process and has urged the public to disregard what it described as a misleading online publication stating otherwise. <br />The apex bank says contrary to online reports, the divestment from Polaris Bank was supervised by a Divestment Committee comprising senior representatives of the Asset Management Corporation of Nigeria and the CBN as well as reputable legal and financial advisers. <br />The CBN added that the divestment mode, process, and decision received requisite board and regulatory approvals.