Home Business Behold! Full List of Sacked Directors of Skye Bank Plc

Behold! Full List of Sacked Directors of Skye Bank Plc

The changes on Skye Bank Plc effected by the Central bank of Nigeria affected the Group Managing Director and Deputy Managing Director.
The apex bank, however, said the Non-Executive Directors and the two Independent Non-Executive Directors resigned their appointment on the Board as follows.
1 Dr. Olatunde Ayeni Non-Executive Director/Chairman
2 Mr. Victor Adenigbagbe Non-Executive Director
3 Dr. Jason Fadeyi Non-Executive Director
4 Mr. Babajide Agbabiaka Non-Executive Director
5 Mr. Victor Odozi Independent Non-Executive Director
6 Mr. Kunle Aluko Non-Executive Director
7 Mr. Abdul Bello Non-Executive Director
8 Mrs. Ammuna Lawan Ali Independent Non-Executive Director
The following Executive Directors also resigned their appointments on the Board with
immediate effect:
1 Mr. Timothy Oguntayo Group Managing Director/CEO
2 Mrs. Amaka Onwughalu Deputy Managing Director
3 Mr. Dotun Adeniyi Executive Director
4 Mrs. Ibiye Ekong Executive Director
The CBN has approved the appointment of Alhaji M.K Ahmad as the new Chairman of the Board, while Mr. Tokunbo Abiru has been appointed as the new Group Managing Director and CEO.
Messrs. Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu will continue in office as Executive Directors of the Bank.
According to CBN, the former leadership of the Bank voluntarily resigned their positions in order to pave the
way for a new team to further the new strategic direction of the Bank in the retail and commercial business space, having laid the foundations and set the necessary processes and structures.
“In this wise, the challenge of accelerating growth in the new strategic direction becomes more urgent and compelling, given the poor performance that we recorded in the 2015 financial year end, and the attendant challenges.
“The Executive Management of the Bank also take the opportunity to most sincerely thank the former Board led by Dr. Olatunde Ayeni, and the former Management team led by Mr. Timothy Oguntayo for their service, sacrifice and dedication to this institution. As they take their leave, we wish them all the best in their future endeavours”.



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