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Against fears, new GMD rallies support, insists Skye Bank is strong, safe

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Against fears, new GMD rallies support, insists Skye Bank is strong, safe

Against growing apprehensions by the banking public, the new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has said the bank remains healthy and strong.

Abiru was restating an earlier position of the Central Bank of Nigeria, CBN, saying Skye Bank is strong, healthy and depositors funds safe.

Abiru, stated this after taking over from his predecessor, Mr. Timothy Oguntayo.

According to him, the bank’s fundamentals remain strong and virile, while also assuring customers and other stakeholders of the safety of their funds and investments.

Read also: Special Report: Untold story of how Skye Bank’s bubble burst

He also said his team would leverage on the bank’s reputable information technology platform to make the bank not just a frontline retail and commercial bank, but also an industry leader.

Outlining his vision for the bank, Abiru said his team would harness the expertise and skill sets of the bank’s employees and the reconstituted board to take the bank to new and higher heights. Noting that being a Systematically Important Bank, SIB, Skye Bank occupies a sensitive role in the financial life of Nigerians and West Africa.

It would be recalled that the CBN had on Monday approved the reconstitution of the Board of Skye Bank Plc., with the apex bank appointing Mr M.K. Ahmad and Mr. Tokunbo Abiru as the new Chairman and Managing Director  of the bank respectively.

Other members of the reconstituted board are Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu, all of whom were serving in the Executive Director capacity before now.

The former board, headed by Dr. Tunde Ayeni, reportedly resigned voluntarily.

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