National Wire About Nigerians, Nigerian Business and Other Stories
The new board of Skye Bank Plc has declared plans to ensure that the bank is ably managed to health,saying that they will work to shore up its asset quality and normalize its cost to income ratio in the overall interest of the shareholders.
Speaking at the Nigerian Stock Exchange(NSE)Friday, on the occasion of the visit of the new board of Skye Bankto the NSE,the Chairman of the bank,Mallam M.K. Ahmad said the problem of the bank bothers on corporate governance issues and not distress per say.
According to him allegations being made that the bank has been taken over is not true as it still belongs to its current shareholders,stressing that some of its board members are still there while some has retired from the bank.
The Group Managing Director of the bank,Mr Tokunbo Abiru in his comment stated that the issues militating against the bank was bound to be rectified as the new board and management aims to focus on rejigging the financial capacities of the bank positively.
He stressed that their approach would be three pronged with the aim of balancing its cost to income ratio,asset quality and etc. Some top directors of the bank that graced the event which raised some excitement among the brokers on the floor of the market include :Abinbola Izu, M. Idowu, Idris Yakubu and others.
The doyen of the market in his contribution warned that their are millions of shares of the bank on the floor of the market with no takers and that the new people need to work hard and quickly too to bring back confidence among their shareholders.
He said that the effort is needed to restore the brand quality of the bank.
It should be recalled that the Central Bank of Nigeria recently changed some top managers of Skye Bank Plc including its chairman, Olatunde Ayeni; managing director, Timothy Oguntayo; deputy managing director,
Mrs. Amaka Onwughalu; and executive directors, Mr. Dotun Adeniyi and Mrs. Ibiye Ekong.
The affected non-executive directors include Mr. Victor Odozi, Mr. Babajide Agbabiaka, Dr. Jason Fadeyi, Mr. Kunle Aluko, Mr. Victor
Adenigbagbe, Mr. Abdul Bello and Hajiya Amunna Lawan Ali.
