Ocean News

In line with its Corporate Social Responsibility(CSR) drive, Polaris Bank in partnership with the National Youth Service Corps (NYSC) and NerdzFactory has commenced a high-impact capacity-building workshop on digital skills for 5,000 National Youth Service Corps members across 12 states in Nigeria. The Bank explained that her action is intended to equip young Nigerians with relevant work-ready digital skills which is focused on building the youth’s self-sustenance in innovation, creativity, digital skills, business acumen, and relevance in the 21st-century economy and workplace. According to Polaris Bank's Group Head, Product & Market Development, Mrs. Adebimpe Ihekuna, “This partnership is part of Polaris Bank’s commitment to Youth development and empowerment in Nigeria which aligns with the Bank's strategic CSR pillars.” According to her, “We see the need for a work-ready and digitally equipped youth which has informed Polaris Bank’s partnership with NerdzFactory to make ...

…Businesswomen Drags Bank To Court, Demand N10million Damages Three businesswomen and customers of Polaris Bank have dragged the bank before a Surulere Magistrate Court in Lagos over alleged unjustifiable freezing of their domiciliary and Naira accounts with the bank and subsequent illegal deductions on the said accounts amounting to about $30,769 (USD). The applicants – Mrs. Adebomi Orogun, Mrs. Kehinde Banjo, and Mrs. Oluwatoyin Ode, in an originating application brought pursuant to Order 1 Rule 2 of the Magistrates’ Courts Civil Procedure Rules of Lagos State (2009), accused the bank of freezing their USD (US Dollar), Euro and Naira account with the bank without a valid court order. They said the bank proceeded to make unauthorized deductions from their accounts without any justification whatsoever as there was no time they were accused of engaging in fraudulent activities with the said accounts. In her affidavit in support of the application, the first applicant (Orogun) who mainta...

Polaris Bank has reaffirmed its commitment to the promotion and growth of Small and Medium Enterprises (SMEs), especially those operating in the fashion industry in Nigeria. This position was emphasized in a statement issued by the Bank while disclosing plans to support this year’s Fashion Souk – the niche fair for fashion enthusiasts and businesses convened by Eventful Limited, Nigeria’s pioneer and leading events management company. The one-day business fair scheduled to hold on Sunday, December 5th, 2021 at the Harbor Point, Victoria Island, Lagos will provide a platform for over 100 SMEs in Nigeria’s fashion industry who will showcase their creativity, product lines and economic potentials. A report by the continent’s development finance powerhouse, Africa Development Bank (AfDB) quotes the global fashion industry as worth over $2.5 trillion with Africa’s share estimated at less than 1% of the total values in 2020, putting Africa’s entire textile/clothing market at more than $31 bi...