Find the latest bookmaker offers available across all uk gambling sites www.bets.zone Read the reviews and compare sites to quickly discover the perfect account for you.
Advertising
Home / Business / Banking/Finance / Illegal Sales of Polaris Bank May Further Destroy the Image of APC Group tells Buhari

Illegal Sales of Polaris Bank May Further Destroy the Image of APC Group tells Buhari

PolarisA civil rights advocacy group, Human Rights Writers Association of Nigeria, (HURIWA) has called on President Muhammadu Buhari, not to allow plot to sell a Commercial Bank (Polaris Bank) has reported in a section of the media.

A news platform had reported that the CBN had allegedly proceeded with the secret sale of the distressed bank.

Advertising

The group said if the Commercial Bank is sold it will not only compound the harsh economy Nigerians were going through but negatively affect the electoral fortune of the ruling All Progressives Congress (APC) in 2023 general elections.

Although the management of Polaris Bank Limited had debunked reports, describing it as a “fake news report”, urging the public to disregard it.

Advertising
YOU MAY ALSO LIKE:   BREAKING: Police Arrests Lady Who killed Her boyfriend, absconds with New Benz Car in Akwa Ibom

The Bank through a statement described the report as speculative and deliberately intended to create panic.

But a statement of caution released by Tuesday in Abuja by the national coordinator of HURIWA, Emmanuel Onwubiko, criticised the alleged lack of transparency and the shadiness in the reported sale of Polaris Bank allegedly by the CBN.

While calling on the President to avoid negative effect of such move against the APC, HURIWA said: “President Buhari should stop the illegal sale of the bank immediately. The CBN governor has apparently been misinforming the President to approve ridiculous sales just as he wrongly advised the President to approve the sale Exoon Mobil to Seplat and the attendant bank and forth.

Advertising
YOU MAY ALSO LIKE:   See 2Face Idibia's Comment As Die-Hard Female Fan Tattoos Naira Marley’s Face On Her Butt to felicitate his 33rd birthday

“Recall that Emefiele was also allegedly fingered in the ridiculous sale of 104-year-old Union Bank by two-year-old Titan Trust Bank. The Economic and Financial Crimes Commission should have probed the CBN governor over this allegation which is contrary to Sections 9 and 11 of the CBN ACT 2007 but as usual, the former presidential aspirant of the All Progressives Congress, is an untouchable cabinet member of President Muhammadu Buhari.

“The CBN should be stopped from allegedly selling off banks in the country to cronies and friends as end-of-tenure benefits.”

YOU MAY ALSO LIKE:   BREAKING: Gunshots As Hoodlums Attack PVC Collection Centre In Imo, Destroy Voter Cards

The statement also called on the apex bank to issue a statement statement on the position of the bank on the matter in order to douse tension among the customers and stakeholders of the Bank.

Advertising

According to HURIWA, “It is concerning that the so-called sale lacks transparency and is shrouded in so much darkness as no due diligence was not carried out, no tender, no advertisement to create public awareness, nothing, just some kangaroo and arrangee sale.

“To be exact, selling a bank which over N1.2 trillion was used to rescue at an alleged N40 billion is highly ridiculous and scandalous.”

Advertising

About society_admin

Check Also

Prophet Israel Ajadi

We should not Expect Situation to be better again – Prophet Israel Ajadi Adewale (Baba Eri)

We should not Expect Situation to be better again – Prophet Israel Ajadi Adewale (Baba ...

Advertising

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertising

Recent Posts

Archives

More News