CBN Sacks Skye Bank Top Executives

Central Bank of Nigeria (CBN) on Monday sacked top executives of Skye Bank Plc over failure to meet required capital adequacy ratio, poor liquidity ratio and high level of non-performing loans.

The bank’s Managing Director/Chief Executive Officer, Timothy Oguntayo, and the chairman resigned before the CBN announcement.

Mr. Tokunbo Abero has been appointed the new Group Managing Director/ CEO, while M.K Ahmad is the new Chairman of the bank.

The Governor of CBN, Godwin Emefiele, assured customers that the bank is not in distress.


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