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Nigerian Central Bank Replies Lawyer, Falana, Fails To Deny Plan To Sell Polaris Bank For N40 Billion After Investing N1 Trillion In Bank

The Nigerian Central Bank has not denied the plan to sell Polaris Bank for N40 billion after the government had invested N1 trillion in the bank.  This was disclosed in a letter in response to the request made by a human rights lawyer, Femi Falana, SAN to the apex bank.  In August, the Central Bank of Nigeria (CBN) reportedly planned to sell Polaris Bank at the cost of N40 billion to Auwal Lawan Abdullahi, a commercial farmer in the Sarkin Sudan of Gombe State. ....

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