The Central Bank of Nigeria has reacted to the claims of fraudulent transactions in the sale of Polaris Bank formerly known as Skye Bank to Fairview Acquisition Partners.
Recall that in October 2022, CBN in a press statement announced the completion of the sale of shares in Polaris Bank to Strategic Capital Investment Limited (SCIL).
Few months after that, various online publications have claimed that another party (Fairview Acquisition Partners) made a higher purchase offer during the sale of the bank compared to the SCIL offer that was eventually accepted and announced by CBN.
The offer by Fairview Acquisition Partners was staked at N1.2 trillion compared to the N1.305 trillion offer by the SCIL with immediate upfront of 50 billion making a total of N1.355 trillion.
This claim prompted the swift response by the apex bank through a press release by its Director of Corporate Communications, Osita Nwanisobi.
It reads, “The attention of the Central Bank of Nigeria (CBN) has been drawn to a spurious, malicious, and misleading online publication, which made several false claims concerning the recent sale of the Federal Government’s interest in Polaris Bank Ltd.
“For the records, the public is referred to the statement dated October 20, 2022 by CBN & AMCON announcing the sale of 100% equity in Polaris Bank to a new core investor, Strategic Capital Investment Limited (SCIL).
“SCIL’s binding offer involved an immediate upfront consideration of N50 billion and full...
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