On Monday the management and the entire board members of Skye Bank announced that they had “voluntarily” resigned after failing to steer the bank out of its liquidity palaver.
In an email to staff, former group managing director of the bank, Timothy Oguntayo, said that “counter forces from within and outside the bank…made it impossible to achieve steady progress.” He added that despite his best effort, he could not lead the bank into a position of strength.
In another email announcing the resignation of its management and board of directors and the appointment of a replacement by the Central Bank of Nigeria, the bank said that step was necessary due to the urgent need for “new strategic direction …given the poor performance we recorded in the 2015 financial year end, and the attendant challenges”.





























