Apex bank Central Bank today takes over the board and management of Skye Bank PLC after the bank failed to meet CBN’s minimum key liquidity and capital adequacy ratios.
Governor, Godwin Emefiele, disclosed this at a press conference, held at the CBN’s head office in Lagos. Emefiele said the apex bank had appointed a new board and management for the bank following the resignation of the Chairman, Chief Tunde Ayeni, and Management Director/Chief Executive Officer, Timothy Oguntayo.
UPDATE: Reports claim CBN has approved Alhaji Muhammad K Ahmad as the new Board Chair of the bank while Tokunbo Abiru becomes new GMD/CEO
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Title : CBN Takes Over Skye Bank, MD Resigns
Description : Apex bank Central Bank today takes over the board and management of Skye Bank PLC after the bank failed to meet CBN’s minimum key liquidit...