Business CBN Takes Over Skye Bank Plc, To Sack Directors

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ProfRem

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The Central Bank of Nigeria is set to partially take over the Skye bank of Nigeria Plc by dissolving the board of management.

Sources say Central Bank of Nigeria to lay-off all Skye Bank of Nigeria Directors, except the three executives that joined the lender about a year ago

Skyebank.jpe

According to Channels Television Business Editor, Boason Omofaye, Intercontinental Hotel in Lagos might lose its franchise because it was hugely financed by Skye Bank of Nigeria.

The Bank's General Managing Director and Chief Executive Officer of Skye Bank PLC, Mr. Timothy Oguntayo has also been reportedly to have resigned his position.



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