Four Skye Bank executive directors resign

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By Femi SHODUNKE

NIGERIA: FOUR executive directors of Skye Bank have resigned from the financial institution they served at the executive management for nearly two years.

The bank said that Mr. Idris Yakubu, Mrs. Markie Idowu, Mrs. Abimbola Izu and Mr. Bayo Sanni voluntarily left the new Board of the bank which came into being following the July 4, 2016 intervention by the Central Bank of Nigeria (CBN) and subsequent re-constitution of its Board.

A news release signed by the Head, Corporate Communication of Skye Bank, Rasheed Bolarinwa, explained that the management had taken immediate measures to ensure a smooth leadership progression and service delivery to its customers.

In this regards, the release stressed that some General Managers of the bank, which 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, have been re-assigned to oversee the affected directorates.

According to the release, “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.”

The Group Managing Director of the bank, Mr. Tokunbo Abiru, the release further said, commended the erstwhile Executive Directors for their service to the bank.

Abiru noted that they had contributed immensely to the successful leadership transition which commenced last year.

One of the Executive Directors, who preferred anonymity, stated 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 former Executive Director said.

“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,” the release clarified.

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