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Due to failure to meet the Central Bank of Nigeria (CBN) minimum key liquidity and capital adequacy ratios, the apex bank on Monday took over the Board and Management of Skye Bank PLC.
The CBN Governor, Godwin Emefiele, disclosed this at a press conference, held at the CBN’s Head Office in Lagos.
Emefiele said the apex bank had appointed a new board and management for the bank following the resignation of the Chairman, Chief Tunde Ayeni, and Management Director/Chief Executive Officer, Timothy Oguntayo.
Read MD’s resignation letter below
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