Shareholders divided over compulsory resignation of Skye Bank Board, Management

Controversy has continued to trail the compulsory retirement of the Board and Management of Skye Bank Plc by the Central Bank of Nigeria (CBN).
   A cross section of the Bank shreholders who spoke with City BusinessNews expressed divergent views on the modalities adopted by the apex Bank.
  While some commemded the CBN for the ‘bold step’, others claimed the development is capale of eroding stakeholders confidence in the financial system.
  One of the shareholders, Oyetunji C. Bayo said: “There is nothing wrong with what the CBN has done. We are in an era of transparency. Let’s say it as it is. I see this as a wake up call for others.”
 Expressing a contrary view, Mrs Bunmi Onajala said: “The CBN should take the blame instead of trying to give the impression that their supervisory role is active. I expected the CBN to use the Board instead of what happened on Monday”.
  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.
*Contact Editor on