Central Bank of Nigeria (CBN) Governor Godwin Emefiele was not removed so as to salvage the economy, says President Muhammadu Buhari.
Buhari noted this at the Aso Villa on Friday in Abuja while he hosted some of his supporters.
According to him, the Peoples Democratic Party (PDP) left the country in ruins, challenging anyone with contrary fact to present it.
“I said it is on record and I challenge anybody to check from Europe, United States and Asia that between 1999 and 2014, the 16 years of previous administration there was an average of 2.1 million per day of crude oil at the average cost of 100 dollars per barrel,’’ the president added.
Polaris Bank Takes Over Skye Bank, CBN Assures Depositors Of Cash Safety
Following the withdrawal of the operating licence of Skye Bank Plc, the Central Bank of Nigeria (CBN), in consultation with the Nigerian Deposit Insurance Corporation (NDIC), has established a bridge bank known as Polaris Bank, to assume the assets and liabilities of the defunct bank.
CBN Governor, Mr. Godwin Emefiele, who disclosed this on Friday, said the strategy was for the Asset Management Company of Nigeria (AMCON) to capitalise the bridge bank and begin the process of sourcing investors to buy out AMCON.
“By this decision, the licence of the defunct Skye Bank is hereby revoked.
We wish to assure all depositors that under this arrangement, their deposits shall remain safe and that normal banking services shall continue in the new bank on Monday, 24th September 2018, to enable customers to transact their businesses seamlessly.
“Thus, all customers of Skye Bank shall be automatic customers of the new bank and their accounts and records duly purchased by Polaris Bank,” Emefiele explained.
BREAKING: CBN Revokes Skye Bank’s Operational Licence
The Central Bank of Nigeria has withdrawn the operating licence of Skye Bank, The Cable reports.
Umar Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists on Friday.
More details will be provided shortly…
Osun Guber: Don’t Kill Yourselves Over Who Becomes Governor, Only God Gives Power — Ooni Of Ife
The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has warned youths against political violence before, during and after the Osun gubernatorial election coming up on Saturday.
Oba Ogunwusi gave the warning during the courtesy visit of the Social Democratic Party (SDP) gubernatorial candidate, Sen. Iyiola Omisore to his Palace, on Thursday, in Ile-Ife.
He said: “It is only Almighty Allah that has the power to elevate whoever He wants to the post. For He is in Heaven doing what pleases Him”.
According to him, people don’t need to fight each other over getting to a post, but should rather allow God’s will to come into perfection.
The royal father, therefore, appealed to all and sundry to maintain peaceful coexistence in the forthcoming election, saying there is no gain in blood shedding.
Earlier, Omisore lauded the Ooni for his fatherly role and for supporting his aspirations to rule the state.
Omisore also thanked Ife and Osun indigenes, for rallying around him in his campaign and appealed to all and sundry to support him by casting their votes for him during the election.
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