Lagos, July 5, 2016 – The Central Bank of Nigeria (CBN) has formerly taken over management of Skye Bank plc by appointing a new management team for the bank.
CBN Governor, Mr. Godwin Emefiele who announced the takeover said the decision becomes imperative to save the bank from sliding into an irreversible situation but assured depositors that the bank is not in distress but healthy.
He said the apex bank has been meeting with management of the bank.
“CBN has been meeting with the old board of Skye Bank eventually the chairman and some board members who had to resign,” Emefiele in Lagos.
“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’ funds will get into risk.
“The strategic health of the bank remains strong. The new board will be managed by Alhaji M. K. Ahmad (Chairman) and Mr. Tokunbo Abiru (MD), a seasoned banker and until recently a Director of First Bank, and five other Non-Executive Directors.”
Abiru served briefly as Commissioner for Finance in Lagos State when Mr. Babatunde Fashola was governor but resigned and returned to First Bank.
