The MD And CEO of Skye Bank Resigns As CBN Takes Over Board Of Skye Bank

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Timothy skyeThe Central Bank of Nigeria, CBN, on Monday, took over the Board and management of Skye Bank Plc, sacking  the Board and top executives of Skye Bank Plc,
Godwin Emefiele, the CBN Governor  disclosed this at a press conference, held at the CBN’s head office in Lagos.
This is a move that has triggered serious panic and fears among the staff and customers of Skye bank.
Information reaching us say that the sack of the board and top management of Skye bank may not be unconnected with capital adequacy deficiency as well as mounting insider-related loans challenges.
Getting wind of what was coming, the Chairman of Skye bank, Chief Tunde Ayeni, and Management Director/Chief Executive Officer, Timothy Oguntayo took the honorable path and resigned.