CBN removes Skye Bank Board, Management

THE Central Bank of Nigeria (CBN) has replaced the Board and management of Skye Bank Plc.

 Addressing Journalists in Lagos, CBN Governor, Mr Godwin Emefiele said the Bank failed failed to meet the regulator’s minimum key liquidity and capital adequacy ratios.

Already, a new Board and Management has been appointed following the resignation of the Chairman, Chief Tunde Ayeni, and Management Director/Chief Executive Officer, Mr. Timothy Oguntayo.

Emefiele explained that in place of the outgoing Board and Management, CBN had appointed Alhaji MK Ahmad as the new chairman, while Mr. Tokunbo Abiru is the new Managing Dirctor/Chief Executive Officer.