THE CENTRAL BANK OF NIGERIA TAKES OVER THE MANAGEMENT OF SKYE BANK PLC




            Godwin Emefiele, the Governor of the Central Bank of Nigeria at a conference held at The Central Bank of Nigeria in Lagos today, 4th of July, 2016 disclosed that the Central Bank of Nigeria has taken control over the management of Skye Bank Plc.



            It was stated by the Governor, Godwin Emefiele that the CBN took control over the management of the Bank as a result of the inability of Skye Bank to meet the Minimum Key Liquidity Ratio as well as the Capital Adequacy Ratio. A new board has been appointed to effect this change in the management and Control of the institution.

No comments:

Post a Comment