The Managing Director and some top management of Skye Bank
of Nigeria today resigned in anticipation of the planned dissolution of the
board and management cadres by the Central Bank of Nigeria (CBN) which has
discreetly worked on removing directors of some commercial banks that have
demonstrated a level of distress in the last few months.
All the non-executive directors of the bank also resigned in
anticipation of a clampdown by the CBN.
The resignation of the management at Skye Bank was a
pre-emptive action by the bank to avoid a total clampdown by the CBN as it
plans to remove directors in banks with bad debts in the next few days,
SaharaReporters reports.
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