The Central
Bank of Nigeria today sacked the management team of Skye Bank over capital
adequacy issues.
The bank's top executives on getting wind of their impending
sack, resigned en-mass this morning.
The bank's Chairman, Tunde Ayeni and its
Managing Director, Rotimi Oguntayo, led other executive and non-executive board
members to tender their resignation before the apex bank announced the
dissolution of the bank's management team this afternoon.
CBN will manage the affairs of the bank for some time. The bank, according to
financial experts, has been distressed for a while.
Labels: CBN sacks management of Skye bank, Sky bank, takes over the bank
