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CBN Insists Skye Bank Not Distressed Or Liquidated

Skye Bank

The Central Bank of Nigeria (CBN) has maintained that Skye Bank is neither distressed nor liquidated.

The apex bank in the land made this clarification following what it described as “a malicious message urging customers of Skye Bank” to withdraw their money from the bank because of the recent change in leadership.

The CBN allayed the fears of customers of Skye Bank, assuring them that their money deposited at the bank was still safe.

In a statement issued by the CBN, it emphasised “its earlier assurance that Skye Bank is not in distress and remains a healthy bank in the Nigerian banking system. Indeed, the health of the Nigerian banking system remains strong, all banks in Nigeria are safe and depositors have no cause to fear over their deposits.”

The CBN stressed that, “It has not liquidated Skye Bank or any other Deposit Money Bank for that matter.”

The statement “recalled that Skye Bank had corporate governance challenges,” but said it has “since taken proactive steps to resolve the issues identified.”

“Indeed, the CBN is satisfied with the efforts of the new Management to reposition Skye Bank for effective service delivery,” the statement assured.

The CBN advised “customers of Skye Bank and other stakeholders” to “disregard any message purporting a liquidation of the bank.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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