Business
In unprecedented move, 4 Skye Bank directors resign en-mass
In what seems an unprecedented move, four executive directors of Skye Bank have put in their resignation letters.
The Directors who had served in Executive Management capacity for nearly two years had been part of the new Board of the bank which came into being following the July 4, 2016 intervention of the Central Bank of Nigeria (CBN) and subsequent re-constitution of its Board.
The Directors who resigned are Mr. Idris Yakubu, Mrs. Markie Idowu, Mrs. Abimbola Izu and Mr. Bayo Sanni.
The following officers, all General Managers have been re-assigned to oversee the affected directorates: Mr. Segun Opeke will oversee the Lagos Commercial Directorate, comprising Corporate, Commercial and Retail, Mr. Ayo Abina will supervise the South directorate while Mr. Femi Aribaloye will oversee the Risk Management Directorate accordingly.
The new appointments takes immediate effect.
Read also: Massive withdrawal worsens Skye Bank’s health
The Group Managing Director of the Bank Mr. Tokunbo Abiru thanked the Executive Directors for their service to the bank, noting that they had contributed immensely to the successful leadership transition which commenced last year.
One of the Executive Directors who spoke under anonymity noted that “having put in some time in the bank, resignation from service is not new in the industry. New structures will always create new opportunities and challenges, I think this is the right time to step aside for others to also contribute to the growth of the Bank.”
It would be recalled that the bank has severally been mentioned in alleged fraudulent practices by some politicians who are said to have stashed their loot with the bank.
Among such people is the former First Lady, Mrs Patience Jonathan who is still in court with the EFCC over some funds found in the bank.
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Margret Dickson
February 4, 2017 at 8:16 am
Sky bank has lost its reputation with the recent fraudulent cases, the directors don’t want anything to tarnish their good image, that was why they resigned. With their resignation, this may also prompt the anti-graft agency to vetting their profiles to see how they’ve been carrying out their duties, if they were in any way connected to fraud in the prior their resignation.
Animashaun Ayodeji
February 4, 2017 at 8:25 am
They may have been forced by some unknown forces to resign. This looks like a ploy to bring down Sky Bank, the directors should be formally interrogated to known the real reason behind their action.
yanju omotodun
February 4, 2017 at 8:36 am
People like you can never appreciate good thing. If Skye bank had folded up, and your money is involved, you will begin to bemoan and ascribing bad names to CBN and Skye bank but CBN has used wisdom to relieve those corrupt directors so it won’t affect the operations of the bank and yet, you didn’t appreciate.
Balarabe musa
February 4, 2017 at 9:10 am
Skye bank CEO and directors are friends of PDP and definitely , we expect the bank to be involved in corrupt practices as pdp only ideology is to steal money. They should have liquidated the bank for long if not for CBN.
JOHNSON PETER
February 4, 2017 at 9:38 am
Keep quiet, even Apc politicians are involved too. Sincerely apc politicians are more corrupt than their pdp counterparts.
I know how much money Apc politicians so slush into my bank here where I am working.
Roland Uchendu Pele
February 4, 2017 at 9:19 am
“The Group Managing Director of the Bank Mr. Tokunbo Abiru thanked the Executive Directors for their service to the bank.”
Is it just me or does anyone think that Mr. Tokunbo has a hand in this?
Amarachi Okoye
February 5, 2017 at 1:36 am
If they resignation was a good one i believe is better than to be accuse of something you know nothing about
Joy Madu
February 5, 2017 at 1:42 am
Am beginning to suspect this bank executive there is something they are not telling us but very soon we all will know