The Central Bank of Nigeria, CBN minutes ago announced the effect of key changes in the management team of the board of Skye Bank plc.
They include the Chairman, MD, non executive Director and the longest serving executive director of the management team
Godwin Emefiele, Governor of CBN said the decision became necessary to save the bank from sliding into an irreversible situation.
The Apex bank boss however assured depositors that the bank is not in distressed but still healthy.
“CBN has been meeting with the old board of Skye Bank eventually the chairman and some board members had to resign,” Emefiele said.
“There three key areas of a bank: MPL, Capital Adequacy and Liquidity situation and what we have seen is that all these have been weakening in the bank we decided to step into the bank to avoid a situation where depositors fund will get into risk.
“The strategic health of the bank remains strong. The new board will be managed by Alh. M. K. Ahmad (Chairman) and Mr. Tokunbo Aberu (MD), a seasoned banker and until recently a director of First Bank, and five other non Executive Directors.”
Earlier today, the MD of Skye bank, Timothy Oguntayo resigned his appointment, blaming forces within and outside the bank as the very reason the bank is not making progress.
see his letter of resignation here:
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