4-months after take over, AMCON says Polaris Bank will be put up for sale after the 2019 elections

Barely four months after it was taken over from Skye Bank, the Asset Management Corporation of Nigeria (AMCON) has said Polaris Bank will be put up for sale after the 2019 elections.

According to a report by Reuters, this was disclosed by Jude Nwauzor, the AMCON spokesman, on Tuesday. Speaking on plans for the sale of the bank, Nwauzor said: "The election season has slowed down things. We would advertise for expressions of interest from investors after elections and commence the sale process".

In September 2018, Godwin Emefiele, Governor of the Central Bank of Nigeria, had announced the revoking of the licence of defunct Skye Bank. Polaris was established as a bridge bank to assume the assets and liabilities of the bank. Emefiele had said: “As a responsible and responsive regulator and in consultation with the Nigerian Deposit Insurance Corporation (NDIC), we have decided to establish a bridge bank, Polaris Bank, to assume the assets and liabilities of Skye Bank.

Fake News War: China deletes 7 million pieces of online information. over 9,000 thousands mobile apps and 700 websites

China’s cyber watchdog says it has deleted more than 7 million pieces of online information as well as 9,382 mobile apps, and it criticized tech giant Tencent’s (0700.HK) news app for spreading “vulgar information”.  

The Cyberspace Administration of China (CAC) said in a statement on its website the action was part of a clean-up of unacceptable and harmful information that started this month, adding that it had also shut down 733 websites.  

The administration singled out Tencent’s Tiantian Kuaibao news app, saying the platform had been ordered to make changes as it had been spreading “vulgar and low-brow information that was harmful and damaging to the internet ecosystem”.  

N466m Scam: Fraudsters who defrauded Polaris Bank get N1m bail

Justice Mohammed Tukur of the Kaduna State High Court has granted bail to Bashir Abdullahi Mohammed, Oche Ogenyi, Adefila Taofile Kayode, Rabiu Aliko Lawal and Mmadu Mathew who are standing trial on a two-count charge bordering on conspiracy and stealing to the tune of N466, 000, 000 (Four Hundred and Sixty Six Million Naira) only.
 

They were arraigned on January 16, 2019 for allegedly hacking into Polaris Bank’s application to defraud the bank of the said sum. They had fraudulently increased the N781, 000 in one of the customer’s bank account to N466 million.
 

R. Kelly's transgender child promises to release diss track addressing the sex abuse allegations against his father

R. Kelly's transgender son has promised to drop a diss track addressing the sex abuse allegations against his father.

19-year-old Jaah Kelly, who was born a girl named Jaya Kelly but came out as transgender at age 14 and changed his name to Jay Kelly, said in an Instagram post that he will soon drop the track and his sister, Joann Kelly - who called their father a "monster" in a recent Instagram rant - will have an emergency verse on it.

Serena Williams knocked out of Australian Open (Photos)

Tennis legend, Serena Williams has been knocked out of the Australian Open tournament after she lost to Czech star Karolina Pliskova in the quarterfinals clash on Wednesday. 

The 37-year-old mother of one was up 5-1, 40-30 in the third set of their match when she when developed an ankle problem. But she played through and eventually lost as Pliskova, the No. 7 seed in the tournament, won the match 4-6, 6-1, 7-5 to advance to the Australian Open semifinals against Naomi Osaka.

"Your surgery went bad" - Fans criticize Ini Edo's curves after she shared a photo of her tiny waist and huge butt

In Edo shared a lovely photo of herself to her Instagram account but fans were more concerned with her waist and they called her out for it, saying it looked fake.

Followers claimed she went under the knife to achieve her hourglass figure and they told her that her cosmetic surgery was a flop. Others said the waist looks unreal and that it spoiled her overall look.

But there were those who thought she looked great and they praised her.

See some of the comments under the photo below.

Photos from the Funeral of former AirForce chief, Alex Badeh...GOVERNOR LALONG THERE TOO

The funeral of former Chief of Defence Staff and former Chief of Air Staff, Air Vice Marshall Alex Badeh, is ongoing at the Pentecoastal Church, Air Force base in Abuja.

Secretary to the Government of the Federation, Boss Mustapha, governors of the Plateau and Adamawa state, Simon Bako Lalong and Bindo Jibrilla, Cheif of Defence Staff, General Abayomi Olonisakin, are amongst the dignitaries at the funeral.

Badeh was murdered while returning from his farm in Abuja in December 2018.