The Nigeria Deposit Insurance Corporation (NDIC) says it saved 6,000 workers from being dismissed from the defunct Skye Bank, now Polaris, as a result of poor handling of the operations of the bank by its former management.
NDIC said it was on record that the intervention also ensured stability in the banking industry.
It said apart from ensuring that normal operations continued in all the 277 branches of the bank, the intervention also ensured that depositors of the closed bank had unhindered access to their deposits in excess of N949.6 billion as at June 2018.