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.
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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