New board members unveiled following sack of previous leadership
While a new CEO and Chairman have been appointed already, the new board of the bank has only just been announced.
Nigeria's central bank sacks Skye Bank execs over capital issues
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![Zimbabweans have 21 days to exchange old banknotes for new ones (image used for illustration) [Reuters]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Zimbabweans have 21 days to exchange old banknotes for new ones (image used for illustration) [Reuters]")
While a new CEO and Chairman have been appointed already, the new board of the bank has only just been announced.
With the voluntary resignation and sack of the now-former executives, Alhaji M. K Ahmad has been named as the new Chairman of the Skye Bank board, Tokunbo Abiru has been appointed the new Group Managing Director and CEO. Other members of the new board are Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu, who were formerly Executive Directors at the bank.
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The bone of contention has been Skye Bank's dismal performance and failure to achieve capitalization despite several windows from the Central Bank.
Central Bank governor, Godwin Emefiele, speaking to journalists in Lagos on Monday, July 4, 2016, said the CBN was only taking a proactive step to stop the bank from sinking further into financial murkiness.
Only last month, Skye Bank was widely reported to have fired over 200 members of its workforce following the CBN's directive to float the Naira. However, the bank denied the allegations saying instead that the sacked workers had failed its 2015 appraisal exercise.
Ah, well.
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