Four Skye Bank Executive Directors Resign

February 4, 2017
Four Skye Bank Executive Directors Resign

Four Skye Bank Executive Directors Resign

By Modupe Gbadeyanka

News reaching us confirms that four Executive Directors at Skye Bank has voluntarily resigned from the services of the financial institutions.

This information was revealed by Skye Bank in a statement issued in Lagos on Friday and made available to Business Post.

The Directors, who had served in Executive Management capacity for nearly two years, had been part of the new Board of the bank which came into being following the July 4, 2016 intervention of the Central Bank of Nigeria (CBN) and subsequent re-constitution of its Board.

The Directors who resigned 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 re-assigned to oversee the affected directorates: Mr Segun Opeke will oversee the Lagos Commercial Directorate, comprising Corporate, Commercial and Retail, Mr Ayo Abina will supervise the South directorate while Mr Femi Aribaloye will oversee the Risk Management Directorate accordingly.

The new appointments take immediate effect, Skye Bank said.

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 her operations as the Bank continues to deliver banking and other ancillary financial 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 financial interconnectedness in Nigeria and the West Africa sub-region.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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