Customers of Skye bank troops into the bank as CBN sacks management and takes over the bank

According to financial experts syke bank has been in distress for some time now and couldn't meet up with financial demands, The Central Bank of Nigeria had to step in to take over the affairs of the bank.


The apex bank  today sacked the management team of Skye Bank over capital adequacy issues. The bank's top executives on getting wind of their impending sack, resigned this morning.

The bank's Chairman, Tunde Ayeni and its Managing Director, Rotimi Oguntayo, led other executive and non-executive board members to tender their resignation before it will go public.