The Central Bank of Nigeria is set to partially take over the Skye bank of Nigeria Plc by dissolving the board of management.
Central Bank of Nigeria to lay-off all Skye Bank of Nigeria Directors, except the three executives that joined the lender about a year ago
Channels Television Business Editor, Boason Omofaye, said that Intercontinental Hotel in Lagos might lose its franchise because it was hugely financed by Skye Bank of Nigeria.
The Bank’s General Managing Director and Chief Executive Officer of Skye Bank PLC, Mr. Timothy Oguntayo has also been reportedly to have resigned his position.
The Apex Bank, Central Bank of Nigeria has appointed new Management Team for the embattled financial institution, Skye Bank of Nigeria PLC.
The new changes include Muhammad K. Ahmad (former Director General of PENCOM) now the new chairman of the Bank while Tokunbo Abiru is new MD.