Sources within Polaris Bank Limited have revealed the true situation in the financial institution that a section of the media has falsely spun around.
![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2022/11/Polaris-Bank-300x169.jpg)
According to the sources, there is no such thing as a controversy trailing Polaris Bank, as the reaction within the financial institution stems from some staff’s inability to understand and accept positive and productive changes in the Bank’s operation.
Speaking exclusively with this medium, one of the sources who pleaded anonymity noted that when the new investors acquired Polaris Bank Limited, they set new goals and objectives to drive it to a greater height.
He added that strategies put in place to achieve these set targets are what some of the Bank’s staff are kicking against because it’s a change from the status quo.![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2023/05/How-To-Check-Polaris-Bank-Nigeria-Account-Balance-680x350-1-300x154.png)
![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2023/05/How-To-Check-Polaris-Bank-Nigeria-Account-Balance-680x350-1-300x154.png)
“As you know, there are some basic things when a new owner acquires a business, be it a bank or whatever, he examines the profit and loss channels associated with such company and tries to promote the successful sides while eliminating the negative sides. It is all in a bid to boost profitability.
“In the case of Polaris Bank, what has happened is simple, the new owners want to avoid a run-of-the-mill approach to managing the Bank because they have seen where such leads. They have brought in their wealth of experience and are plucking the worms that are feeding fat on the Bank so that it can become a profitable entity; this is what is leading to the hues and cries you are hearing from some aggrieved staff of the Bank who are now doing their banking on social media pages.
![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2022/12/VULTe-Logo-300x94.png)
“Polaris Bank operates with the best standard and corporate governance you could imagine. Change and Innovation are often frowned upon, but the truth is that Polaris Bank is witnessing its best years in a very long time with this new management, they are trying and will do better. It is those who have been exploiting the Bank and have now found out that their channels of exploitation are being threatened that are causing trouble where there is none,” the source noted.
Another source within the Bank who gave his name as Tosin Mohammed (Not his Real Name) noted that it is a shame that people considered enlightened and exposed would feign ignorance of the situation they know about.
According to him, some of the Bank’s staff obtained loans and have refused to serve them because of the Bank’s magnanimity. Attempts by the Bank to recoup these monies have seen them shouting blue murder. Indeed, some staff have sorted their case out while others are genuinely working on recovering the loans. Of course, some weak minded staff resorted to sponsoring social media stories to bend the hand of the management of the bank.![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2023/05/How-To-Check-Polaris-Bank-Nigeria-Account-Balance-680x350-1-300x154.png)
![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2023/05/How-To-Check-Polaris-Bank-Nigeria-Account-Balance-680x350-1-300x154.png)
“Talks that individuals and enterprises are taking their money away from the Bank to other banks is a big lie, as Polaris Bank is in the best condition it has ever been in a long while,” Mohammed concluded.
In October 2022, the Central Bank of Nigeria (CBN) sold Polaris Bank to Strategic Capital Investment Limited (SCIL).![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2021/09/Polaris-Bank-Limited.png)
![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2021/09/Polaris-Bank-Limited.png)
On the accusations of staff accrued Uber expenses being taken at once by the new management, a source privy to the inner workings disclosed that Audit revealed an abuse of the process where some Managers were using Uber on public holidays and unauthorized hours.
On late meetings, the source explained that although there are frequent meetings but not late meetings. ‘”Of course, what do you expect when new management comes on board, you expect Strategy sessions, meetings, retreats, Monthly and Quarterly reviews to discuss vision, business plans, and performance.” It is nothing new, he averred.
The source further explained that most of the unfounded negatives pushed around against the Bank are likely from staff currently being investigated for various infractions and being questioned.
“What of some staff who actually colluded with customers to avail loans only to abscond to foreign countries”. He concluded that there is a new order trying to put things right for the good of the Bank.![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2022/11/Polaris-Bank-300x169.jpg)
![Polaris Bank](https://fasnewsng.com/wp-content/uploads/2022/11/Polaris-Bank-300x169.jpg)
Since the constitution of the Bank’s new board, Polaris has hit the ground running, enthroning a new work culture and improving its earnings. It has also been celebrated with several awards, including the ‘MSME Bank of the Year 2022’ in the BusinessDay’s Banks and Other Financial Institutions (BAFI) Awards, Best Digital Bank: VULTe by Nigeria Fintech Award, and African Digital Bank of the Year presented by African Leadership Award.
44 comments
wonderful post, very informative. I wonder why the other experts of this sector do not notice this. You must continue your writing. I’m sure, you’ve a huge readers’ base already!
What i do not understood is if truth be told how you are not actually much more well-appreciated than you might be right now. You are very intelligent. You understand therefore significantly in the case of this topic, produced me individually imagine it from so many various angles. Its like men and women are not interested until it is something to do with Girl gaga! Your personal stuffs excellent. Always take care of it up!
I like this post, enjoyed this one appreciate it for posting. “He removes the greatest ornament of friendship, who takes away from it respect.” by Cicero.
I’ve read several good stuff here. Certainly worth bookmarking for revisiting. I wonder how much effort you put to create such a magnificent informative web site.
I got what you intend,saved to fav, very nice site.
It’s arduous to seek out educated individuals on this subject, however you sound like you recognize what you’re speaking about! Thanks
We’re a bunch of volunteers and starting a brand new scheme in our community. Your site offered us with valuable information to work on. You’ve performed an impressive activity and our entire group shall be grateful to you.
Thank you for another great article. Where else could anybody get that kind of info in such an ideal means of writing? I have a presentation subsequent week, and I am at the search for such info.
What Is Puravive? Puravive is a natural weight loss supplement that is known to boost the metabolic processes of the body.
Thanks for sharing excellent informations. Your website is very cool. I’m impressed by the details that you have on this web site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found just the info I already searched all over the place and just couldn’t come across. What a great site.
Thanks for sharing excellent informations. Your web site is very cool. I’m impressed by the details that you¦ve on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for more articles. You, my pal, ROCK! I found just the information I already searched all over the place and simply could not come across. What an ideal site.
Youre so cool! I dont suppose Ive learn something like this before. So nice to search out somebody with some unique thoughts on this subject. realy thank you for starting this up. this website is one thing that’s needed on the internet, someone with a little originality. useful job for bringing something new to the internet!
hi!,I like your writing so so much! proportion we communicate more about your article on AOL? I need an expert in this house to resolve my problem. Maybe that is you! Taking a look forward to see you.
Very interesting topic, regards for posting. “There are several good protections against temptations, but the surest is cowardice.” by Mark Twain.
I think you have mentioned some very interesting points, appreciate it for the post.
Perfectly indited content material, Really enjoyed reading.
Good ?V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Nice task..
It’s really a cool and helpful piece of information. I am happy that you just shared this helpful information with us. Please stay us informed like this. Thank you for sharing.
Thanks for the marvelous posting! I certainly enjoyed reading it, you might be a great author.I will make sure to bookmark your blog and will often come back from now on. I want to encourage you to continue your great posts, have a nice morning!
There are certainly plenty of particulars like that to take into consideration. That could be a great level to convey up. I offer the thoughts above as general inspiration however clearly there are questions like the one you convey up the place a very powerful thing will likely be working in sincere good faith. I don?t know if finest practices have emerged round things like that, however I’m sure that your job is clearly recognized as a good game. Each boys and girls feel the affect of just a second’s pleasure, for the remainder of their lives.
What Is LeanBiome? LeanBiome, a new weight loss solution, includes beneficial strains of gut bacteria that work fast for weight loss.
Thank you, I have recently been searching for information about this topic for ages and yours is the best I’ve came upon till now. But, what concerning the bottom line? Are you sure about the supply?
You are a very bright person!
Wow! Thank you! I constantly wanted to write on my website something like that. Can I take a fragment of your post to my site?
Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch as I found it for him smile Therefore let me rephrase that: Thanks for lunch! “The guy with the biggest stomach will be the first to take off his shirt at a baseball game.” by Glenn Dickey.
What i don’t realize is actually how you’re not really much more smartly-preferred than you might be now. You are so intelligent. You realize thus considerably in relation to this subject, produced me in my opinion consider it from so many numerous angles. Its like men and women don’t seem to be fascinated except it?¦s something to accomplish with Girl gaga! Your own stuffs excellent. At all times deal with it up!
Hello there! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My site looks weird when viewing from my iphone 4. I’m trying to find a template or plugin that might be able to resolve this issue. If you have any recommendations, please share. Thank you!
you have a great blog here! would you like to make some invite posts on my blog?
Lottery Defeater: What Is It? A software tool called Lottery Defeater was created to raise the odds of winning lottery tickets.
Yesterday, while I was at work, my sister stole my iPad and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is entirely off topic but I had to share it with someone!
Greetings I am so happy I found your weblog, I really found you by mistake, while I was researching on Bing for something else, Anyways I am here now and would just like to say thank you for a marvelous post and a all round enjoyable blog (I also love the theme/design), I don’t have time to go through it all at the moment but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read much more, Please do keep up the superb job.
I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thanks again
What is Zen Cortex? ZenCortex is not just another drop in the ocean of dietary supplements
My brother recommended I may like this web site. He used to be totally right. This submit actually made my day. You cann’t consider just how so much time I had spent for this info! Thank you!
Hola! I’ve been following your blog for a long time now and finally got the bravery to go ahead and give you a shout out from Huffman Texas! Just wanted to tell you keep up the good job!
I simply couldn’t depart your website prior to suggesting that I actually enjoyed the standard info a person supply in your guests? Is going to be back incessantly in order to inspect new posts.
Today, while I was at work, my sister stole my iphone and tested to see if it can survive a 25 foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!
I’ve read a few good stuff here. Definitely worth bookmarking for revisiting. I surprise how much effort you put to make such a excellent informative website.
What Is ZenCortex? ZenCortex is a natural supplement that promotes healthy hearing and mental tranquility. It’s crafted from premium-quality natural ingredients, each selected for its ability to combat oxidative stress and enhance the function of your auditory system and overall well-being.
There is noticeably a bundle to know about this. I assume you made certain nice points in features also.
Hey there, You’ve done a fantastic job. I will definitely digg it and in my view suggest to my friends. I’m sure they will be benefited from this web site.
I have recently started a blog, the info you provide on this web site has helped me tremendously. Thanks for all of your time & work.
Appreciate it for this post, I am a big big fan of this site would like to continue updated.
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why throw away your intelligence on just posting videos to your site when you could be giving us something enlightening to read?