New owner of Polaris Bank, SCIL, To Pay N1.3trn in 25 Years The Strategic Capital Investment Limited (SCIL) has paid N50 billion for the acquisition of 100 per cent equity in Polaris Bank. The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) on Thursday formally announced the completion of a Share Purchase Agreement (SPA) of the bridge bank. CBN’s Director, Corporate Communications Department, Osita Nwanisobi, in a statement on behalf of CBN and AMCON, stated that they have accepted the terms of the agreement for…
Read MorePolaris Bank Acquired for N50bn
