Following the
announcement by the Central Bank of Nigeria (CBN) taking over the management of
Sky Bank Plc, the bank’s customers has besieged their banking halls across some
branches for panic withdrawal of cash from the bank.
According to
our correspondent who payed a visit round some branches in Lagos, a mammoth
crowd besieged the Adeola Odeku Street branch of the bank in VI over
fear of the bank getting involved in management crises.
The Central
Bank of Nigeria dissolved the Board of Skye bank and partially take over the
bank today. The development comes as the bank has been deemed ‘unhealthy’ and
is a measure to prevent a total collapse of the financial institution.
Already a new
board has been constituted by the CBN with Alhaji Muhammad K. Ahmad,
OON as the Chairman. The CBN also appointed Adetokunbo Mukhail ABIRU as the
bank’s CEO.
Labels: CBN Take Over: Sky Bank Customers Make Panic Withdrawal
