In apparent move to allay the fears of its customers over recent developments, the newly constituted management of Skye Bank has assured that their deposits with the bank are safe.
The dissolution of the Bank’s Board of Directors has caused panic among its customers who crave to know the fate of their deposits.
But the bank in a swift reaction via a text message circulated on Tuesday evening confirmed the change in its management.
“Skye Bank’s new management has taken charge of the Bank, with the backing of the CBN. The CBN has assured safety of your deposits. There is no cause for alarm, the text message reads.
Mr Tokunmbo Abiru was on Monday named the new Chief Executive Officer, CEO, of Skye bank, by the Central Bank of Nigeria.
This came few hours after the Board of Directors of the bank was dissolved.
Making the disclosure at a press briefing on Monday, the Governor of the apex bank, Godwin Emiefiele made the announcement after confirming the resignation of the former CEO, Timothy Oguntayo.
According to him, Skye Bank carries quite some huge bad assets that saw the Non-Performing Loans exceeding the allowed 5 percent threshold.
Emefiele said the CBN had been discussing with the Oguntayo-led management on the need to quickly reverse the huge bad assets, which they were practically unable to do till he was shown the door.
He further stated that the CBN hopes the new management would be able to salvage the bank from collapse, as he explained the reasons for the new appointment.
All the directors and executives at the bank, but for three executives who joined the bank last year, have been relieved of their appointment.
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