Skye Bank Management Takedown By The CBN: The Inside Story - Naijapromoter.com
Skye Bank Management Takedown By The CBN: The Inside Story - Naijapromoter.com by Adesiji77 : 11:30am The management of Skye Bank PLC announced what it called the voluntary resignation of its top officers. The action followed plans by the Central Bank of Nigeria (CBN) to take over the bank due to distress arising from bad loans and insider malpractices by board members. In a statement, the management said the CBN has approved the appointment of Alhaji M.K Ahmad as the new Chairman of the Board, and Tokunbo Abiru the new Group Managing Director and CEO. Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu retain their positions as Executive Directors. SaharaReporters learnt that the Chairman of the bank, Tunde Ayeni owed the bank at least N102 billion that had remained unpaid for several years. He was one of those who resigned. Mr. Ayeni, who is a close associate of former President Goodluck Jonathan, had taken over what used to be Eko Bank, Bond Bank, and Prudent Ban...