Chairman, CEO, DMDs resign following dissolution of board and management

Sources divulged that the resignation of Ayeni is coming following the bank's financial problems that has seen the apex bank in Nigeria, Central Bank of Nigeria, intervening to find a lasting solution.

It was further gathered that Ayeni's resignation was followed by the resignation of non - Executive directors of the Bank, namely, Mr. Victor Odozi, Mr. Babajide Agbabiaka, Dr. Jason Fadeyi, Mr. Kunle Aluko, Mr. Victor Adenigbagbe, Mr. Abdul Bello and Hajiya Amunna Lawan Ali.

ALSO READ: Skye Bank sacks 200 staff after FG's directive

In the same vein, Skye Bank's Group Managing Director / CEO, Timothy Oguntayo, has also resigned his position while the bank's DMD and executive directors, Mrs. Amaka Onwughalu and Executive Directors, Mr. Dotun Adeniyi and Mrs. Ibiye Ekong also resigned their positions.

A source in the bank alleged that the financial institution is yet to announce its 2015 financial year analysis as expected of the bank as at the time of the mass resignation.

It should be noted that on June 7, 2016, it was widely reported that Skye Bank Plc fired at least 200 staff on Monday, June 6, 2016.

However, the financial institution claimed the staff dismissal was as a result of the affected staff's failure to excel at the bank's 2015 appraisal exercise.