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Skye Bank’s new GMD explains CBN’s action

…Assures customers of safety of funds

New Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has affirmed the Central Bank of Nigeria’s (CBN)’s statement that Skye Bank remains healthy and strong.

Abiru who spoke after taking over from his predecessor, Mr. Timothy Oguntayo, said that the bank’s fundamentals remain strong and virile, assuring customers and other stakeholders of the safety of their funds and investments.

The new Skye Bank boss said his team would leverage the bank’s reputable information technology platform to make it  not just a frontline retail and commercial bank, but an industry leader.

Abiru who outlined his vision for the bank said his team would harness the expertise and skill sets of the bank’s employees and the reconstituted board to take it to new and higher heights. He noted that as a Systematically Important Bank (SIB), Skye Bank occupies a sensitive role in the financial life of Nigerians and West Africa.

The CBN had on Monday approved the reconstitution of the board of Skye Bank Plc., appointing Mr. M.K. Ahmad and Mr. Tokunbo Abiru as the new Chairman and Group Managing Director respectively. Other members of the reconstituted board are Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu, all of whom were serving in Executive Director capacity of the bank prior to Monday’s announcement.

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, Mr. Victor Odozi, Mr. Babajide Agbabiaka, Dr. Jason Fadeyi, Mr. Kunle Aluko, Mr. Victor Adenigbagbe, Mr. Abdul Bello and Hajiya Amunna Lawan Ali.

In the same vein, Mr. Timothy Oguntayo resigned his position as Group Managing Director/CEO alongside Mrs. Amaka Onwughalu, Mr. Dotun Adeniyi and Mrs. Ibiye Ekong, who were DMD and Executive Directors. All the resignations took immediate effect.

The former leadership of the bank voluntarily resigned their positions in order to pave way for a new team to further the new strategic direction of the bank in the retail and commercial business space. In this regard, the challenge of accelerating growth in the new strategic direction becomes more urgent and compelling, given the economic exigencies of the global and domestic operating environment.


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Posted by on Jul 6 2016. Filed under Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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