Skye Bank as a distinct corporate commercial banking entity in Nigeria is no longer in active existence, as its operating license was officially revoked by the Central Bank of Nigeria due to severe capital inadequacy and liquidity stress. Following regulatory intervention, a bridge bank named Polaris Bank was established by authorities to assume all assets, liabilities, and customer deposits to ensure financial system stability and protect public account holders. Subsequently, ownership of the succeeding institution transitioned through further acquisitions by private investors, meaning the original brand structure of Skye Bank has completely dissolved into this reorganized entity.