Monday 4 July 2016

CBN takes over Skye Bank

CBN has taken over the Board and management of Skye Bank Plc. Reason behind this according to the CBN governor is that the bank failed to meet the regulator’s minimum key liquidity and capital adequacy ratios.

CBN governor has stated that the bank is not in distress, and that their actions is to ensure depositors fund do not go "a story "

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