Polaris Bank has empowered more than 6,200 journalists across Nigeria through a series of capacity-building programmes aimed at strengthening professional reporting, promoting financial literacy, and supporting the growth of responsible journalism. The initiative forms part of the bank’s corporate social responsibility efforts to enhance media professionalism and contribute to national development.

According to the bank, the training programmes were organised through workshops, seminars, and strategic engagements designed to equip journalists with practical knowledge on financial reporting, digital transformation, economic trends, and ethical journalism. The initiative also sought to improve media practitioners’ understanding of the evolving financial services industry.

Polaris Bank stated that empowering journalists with relevant skills and knowledge is essential for promoting accurate, balanced, and impactful reporting that supports informed public discourse. The bank noted that the media plays a critical role in fostering transparency, accountability, and economic awareness across society.

The financial institution reaffirmed its commitment to investing in human capital development and building long-term partnerships with media professionals. It added that supporting journalists aligns with its broader objective of contributing to sustainable development through education, innovation, and professional excellence.

Industry stakeholders commended the initiative, noting that continuous training helps journalists adapt to emerging trends, improve reporting standards, and effectively communicate complex economic and financial issues to the public. They also encouraged stronger collaboration between financial institutions and the media to promote financial inclusion and public education.

Polaris Bank said it will continue to expand programmes that strengthen professional capacity while supporting initiatives that create lasting social and economic impact across Nigeria.

The post Polaris Bank Empowers 6,200 Journalists Through Capacity Development Initiative appeared first on Housing TV Africa.

Polaris Bank debunks reports of 34 deaths in Lagos branch fire, describing the claims as false and misleading.

The bank issued a statement addressing reports circulating on social media and other platforms that alleged dozens of people lost their lives during a fire outbreak at one of its Lagos locations.

According to Polaris Bank, the information being shared does not reflect the actual events surrounding the incident. The institution maintained that no deaths were recorded and that reports suggesting otherwise were inaccurate.

The bank explained that emergency response teams acted promptly to contain the situation and prevent further damage. It added that relevant authorities and safety agencies responded to the incident in line with established emergency procedures.

Polaris Bank emphasized that the safety and wellbeing of its employees, customers, and visitors remain a top priority. The institution noted that measures were taken immediately after the incident to ensure the area was secured and properly assessed.

The bank also urged members of the public to rely on verified information from official sources and avoid spreading unconfirmed reports that could create unnecessary panic.

Management reiterated its commitment to transparency and responsible communication, assuring customers that operations and services remain focused on maintaining safety standards across its branch network.

The clarification comes amid growing concerns about the spread of misinformation online, particularly during emergency situations where inaccurate reports can quickly gain attention and cause confusion.

Polaris Bank stated that it will continue to cooperate with relevant authorities regarding any investigations or assessments linked to the fire incident while ensuring customers remain informed through official communication channels.

The post Polaris Bank Debunks Reports of 34 Deaths in Lagos Branch Fire appeared first on Housing TV Africa.

The Economic and Financial Crimes Commission (EFCC) has arrested Tunde Ayeni, a former chairman of the defunct Skye Bank, over alleged fraud involving billions of naira and millions of dollars.

According to reports, Ayeni is being investigated over an alleged ₦36 billion and $30 million financial fraud, adding to a history of corruption-related cases linked to his tenure in the banking sector.

EFCC Moves Against Former Bank Chief

The anti-graft agency’s latest action signals a renewed push to hold top financial executives accountable for alleged misconduct. Ayeni was reportedly taken into custody as part of ongoing investigations into financial transactions linked to his time at Skye Bank.

While full details of the latest allegations are still emerging, the case centres on suspected large-scale financial impropriety and diversion of funds.

History of Fraud Allegations

This is not the first time Ayeni has faced scrutiny from authorities. In previous cases, the EFCC accused him and other bank officials of diverting depositors’ funds and engaging in money laundering.

He was earlier arraigned on multiple charges involving billions of naira, including allegations of diverting funds from bank accounts for personal use.

Investigations into the collapse of Skye Bank had also linked insider loans and financial mismanagement to the institution’s crisis, which eventually led to its takeover and rebranding as Polaris Bank.

What This Means

The latest arrest highlights ongoing efforts by regulators to address financial crimes in Nigeria’s banking sector. Analysts say such actions are critical to restoring investor confidence and strengthening accountability within the financial system.

However, legal proceedings are expected to determine the outcome of the case, as the EFCC continues its investigation.

The post EFCC Nabs Former Skye Bank Boss Tunde Ayeni in N36bn Fraud Case appeared first on Housing TV Africa.

This move underscores the bank’s commitment to sustained growth and digital transformation.

The newly constituted 10-member board is chaired by Dr. Kassim Gidado, a seasoned academic and expert in engineering, project management, and strategic development. His leadership will be instrumental in guiding Polaris Bank’s future.

Dr. Gidado has previously held prominent roles, including Group Managing Director and Chief of Staff at MAG Group Limited, where he oversaw operations across 35 countries.

His experience in public-private partnerships and infrastructure development positions him to lead Polaris Bank into its next phase of growth.

Other non-executive directors appointed by the CBN include:

Dr. Akwa Effiong Okon
Mallam Ambursa Abubakar Umar
Mrs. Ayaba M. Ayo-Joseph
Mrs. Giwa-Amu Subulade Ibironke
Dr. Onosode Christopher

Mr. Kayode Lawal, the Managing Director and Chief Executive Officer of Polaris Bank, expressed confidence in the diverse expertise the new board brings, stating that their leadership will play a key role in the bank’s strategic initiatives, aimed at positioning Polaris Bank as a leading digital institution in Nigeria.

READ ALSO: Trending News: Top 10 Stories this Morning

“We are thrilled to welcome these seasoned professionals to the board of Polaris Bank,” Mr. Lawal said. “Their expertise will be invaluable as we strengthen the bank’s operations and grow as a leading digital bank.”

The new board members come from diverse backgrounds, bringing valuable insights and experience:

Dr. Akwa Effiong Okon, with a doctorate in law and experience as a Special Assistant on Finance and Managing Director at the Niger Delta Development Commission (NDDC), offers in-depth knowledge in financial governance.

Mallam Ambursa Abubakar Umar is an expert in enterprise transformation and development finance with over 30 years of experience in banking. His background includes roles in risk management and product development.

READ ALSO: Trending News: Top 10 Stories this Morning

Mrs. Ayaba M. Ayo-Joseph, a veteran of the banking industry with over three decades of experience, brings extensive expertise in corporate management and business development, having served as an Executive Director at Bank PHB during critical transitional periods.

Mrs. Giwa-Amu Subulade Ibironke, with over 27 years of experience in financial services and real estate, will leverage her skills in corporate transformation and strategic management to support the bank’s corporate banking initiatives.

Dr. Onosode Christopher holds a doctorate in economics and energy and has over 30 years of experience in business systems analysis and strategy.

His career includes significant contributions to multinational companies such as Shell Petroleum and PricewaterhouseCoopers.

The post Polaris Bank Unveils New Board, Names Kassim Gidado as Chairman appeared first on Housing TV Africa.