4 CBN Appointed ED Resign From Skye Bank
Four of the new board members constituted by the Central Bank of Nigeria for Skye Bank last year have resigned from the bank six months into their appointment. Their resignation was announced by the bank in a letter to the Nigerian Stock Exchange yesterday.
In a letter signed by Skye Bank’s Company Secretary, Babatunde Osibodu, the bank said the four executive directors had resigned from the board voluntarily. The executive directors, Idris Yakubu, Markie Idowu, Abimbola Izu and Bayo Sanni were among the
The Directors had served in Executive Management capacity for nearly two years before their appointment by the CBN in July last year. The Timothy Oguntayo led board had resigned from the bank after the bank failed to meet regulatory prudential adequacy ratios.
Skye Bank yesterday assured the the resignation of four of its executive directors “does not in any way affect the smooth running of the Bank as it continues to deliver services to its customers across the country. The portfolios of the Directors have been assigned to some General Managers to ensure a seamless transition.
“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.”