Skye Bank Announces Resignation Of Executive Directors

Skye Bank has announced the voluntary resignation of some of its Executive Directors from the services of the Bank.

The Directors who had served in Executive Management capacity for nearly two years were part of the old Board of Directors of the bank some of whom earlier resigned voluntarily on July 4 2016 following the intervention of the Central Bank of Nigeria.

The Directors who resigned over the weekend are: Mr. Idris Yakubu, Mrs. Markie Idowu, Mrs. Abimbola Izu and Mr. Bayo Sanni.

In order to ensure a smooth leadership progression and service delivery to its customers, the following senior officers, all General Managers have been reassigned to oversee the affected directorates: Mr. Segun Opeke will oversee the Lagos directorate, Mr. Ayo Abina who will supervise the South directorate and Mr. Femi Aribaloye will oversee the Risk Management Directorate accordingly. The new appointments take effect immediately.

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.

One of the Executive Directors who spoke under anonymity noted that “having put in some time in the bank, resignation from service is not new in the industry. New structures will always create new opportunities and challenges, I think this is the right time to step aside for others to also contribute to the growth of the bank.”

The bank has also announced that  the new development does not in any way affect the smooth running of the bank as the bank continues to deliver banking services to its customers across the country.

Skye Bank is one of the eight banks described by the regulatory CBN as a Systematically Important Bank (SIB) on account of its size, market share and interconnectedness.