September 21, 2018 / 7:08 PM / a year ago

CORRECTED-Nigeria's central bank withdraws Skye Bank's operating licence -cbank spokesman

(Alters second paragraph to say AMCON, not cbank, own Polaris)

ABUJA, Sept 21 (Reuters) - Nigeria’s central bank has withdrawn the operating licence from Skye Bank and a bridge bank called Polaris has been created to take over the lender’s assets, a spokesman for the financial regulator said on Friday.

Isaac Okorafor said the state-run bad bank, the Asset Management Corporation of Nigeria (AMCON), had injected 786 billion naira ($2.57 billion) into Polaris. He said AMCON owned 100 percent of Polaris and it would be sold to investors.

$1 = 305.2800 naira Reporting by Chijioke Ohuocha and Camillus Eboh; writing by Alexis Akwagyiram; Editing by Elaine Hardcastle

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