The CBN has
approved the reconstitution of the Board of Skye Bank PLC. By the
reconstitution, Alhaji M.K Ahmad has been appointed as the new
Chairman of the Board, while Tokunbo Abiru has been appointed as the
new Group Managing Director and CEO. Messrs. Other members of the reconstituted
Board are Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola
Izu, all of whom were serving in the capacity of Executive Director of the Bank
prior to now.
The
reconstitution of the Board followed the voluntary resignation of the former
Chairman, Dr. Tunde Ayeni and other Non – Executive Directors of the
Bank, namely, Victor Odozi, Babajide Agbabiaka, Dr. Jason Fadeyi,
Kunle Aluko, Victor Adenigbagbe, Abdul Bello and Hajiya Amunna Lawan Ali. In
the same vein, Timothy Oguntayo had resigned his position as Group
Managing Director / CEO, alongside Amaka Onwughalu, Dotun Adeniyi and
Ibiye Ekong who resigned their positions as DMD, and Executive Directors.
All the resignations take immediate effect.
The former
leadership of the Bank voluntarily resigned their positions in order to pave
the way for a new team to further the new strategic direction of the Bank in
the retail and commercial business space, having laid the foundations and set
the necessary processes and structures. In this wise, the challenge of
accelerating growth in the new strategic direction becomes more urgent and
compelling, given the economic challenges in the global and domestic operating
environment, and the attendant challenges.
The Bank
thanked the former Board led by Dr. Tunde Ayeni, and the former Management team
led by Timothy Oguntayo for their service, sacrifice and dedication to the
institution.
The new
Chairman of the Bank, Alhaji M.K. Ahmad in a statement earlier today, expressed
optimism about the Bank, given its vast potentials and its strategic position
in the economy.
He stated
that:
''The Bank is
well positioned to deepen the retail and commercial banking services in the
economy, having put in place the critical building blocks to win in this
sector. The immediate priorities of the Board and the new Management team is to
quickly begin to leverage the huge investment in the enhanced branch network,
technology and alternative channels to improve stakeholder value in a
sustainable manner.''
He assured
the shareholders, customers and depositors of the Bank of his commitment to
preserve their investments and deposits, while further assuring that the
support and backing of the CBN and other relevant stakeholders have been
obtained in this respect.
Alhaji
Muhammad K. Ahmad, OON, has about 35 years distinguished experience leading and
working in various public sector organizations and financial services
institutions in Nigeria. He was the pioneer Director General and Chief
Executive Officer of the National Pension Commission and also a pioneer staff
of the Nigeria Deposit Insurance Corporation and rose to become Director / Head
of Department and member of the Interim Management Board. Mr. Ahmad has served
on the boards of various corporate and not-for-profit organisations as well as
presidential committees. He chaired the Technical Committee that produced the
North East Transformation Strategy (NESTS), a medium term Regional Development
Strategy, for the sustainable socio-economic transformation and reconstruction
of the Region and currently supervises its implementation. Ahmad is also a
member of the Presidential Committee for the North East Intervention (PCNI).
Prior to his appointment, he was a Director on the Board of FBN Holdings PLC,
where he brought his rich experience in the financial services industry to bear
on the institution. He strongly promotes building institutions based on the
highest corporate governance and ethical standards and would bring his
extensive experience to bear on his role on the board of Skye Bank PLC as
Chairman.
Ahmad has a
Masters Diploma in Innovation and Strategy from University of Oxford and has
also attended courses and programmes in various first-rate business and
management schools, including Harvard Business School, IMD and INSEAD. A
co-author of the book, “The Extent and Effectiveness of Bank Supervision
in Nigeria”, Ahmad is married with children.
The new
MD/CEO Adetokunbo Mukhail Abiru, is an alumnus of Harvard Business School
(Advanced Management Program) and Lagos Business School (Executive Management
Program). He holds a B.Sc (Economics) from Lagos State University and is a
Fellow of The Institute of Chartered Accountants of Nigeria (ICAN) and an
Honorary Executive Member of The Chartered Institute of Bankers of Nigeria
(CIBN).
Tokunbo has
had a distinguished career in banking spanning about 26 years, of which his early
ten (10) years were spent in the formative years of Guaranty Trust Bank
Plc. Thereafter, he spent about Fourteen (14) years with the premier and
most valuable banking brand in Nigeria, First Bank of Nigeria Limited, where he
functioned as Executive Director,
Corporate Banking between 2013 and 2016.
Equally
during his banking career, he was at various times between 2013-16 a Non –
Executive Director in the following companies: Airtel Mobile Networks Limited;
FBN Capital Limited (now FBN Merchant Bank Limited); and FBN Bank Sierra Leone
Limited.
Tokunbo was
the Honorable Commissioner of Finance for Lagos State Government (2011-2013),
the economic capital of Nigeria, during the dynamic and transformational
leadership of Governor Babatunde R. Fashola (SAN).
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