{"id":11928,"date":"2017-03-31T14:58:50","date_gmt":"2017-03-31T13:58:50","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=11928"},"modified":"2017-03-31T14:58:50","modified_gmt":"2017-03-31T13:58:50","slug":"restructuring-delays-skye-bank-2016-full-year-account","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/restructuring-delays-skye-bank-2016-full-year-account\/","title":{"rendered":"Restructuring Delays Skye Bank 2016 Full Year Account"},"content":{"rendered":"<div id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6836\"><\/div>\n<div id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6911\"><span id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6912\">Skye Bank Plc, says it will not be able to submit its financial statement for the period ended December 31, 2016, due to some restructuring and changes that took place in the bank. <\/span><\/div>\n<div><\/div>\n<div><span id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6912\">According to a statement send to the Nigerian Stock Exchange sign by the company secretary Babatunde Osibodu \u201cthe bank is currently experiencing some delays with the completion of the audit exercise of its Audited financial statement (AFS)\u201d<\/span><\/div>\n<div><\/div>\n<div id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6914\"><span id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6915\">The bank further explained that following \u201cthe intervention of the CBN in the bank in July 2016, there was an over-haul of the Bank\u2019s Corporate Governance framework which led to major resignations and new appointments into the board and changes in specific internal structures and the need to have in place some other structures prior to the approval of the bank\u2019s accounts. This led to the conduct of an interim audit of the Bank\u2019s half year accounts of 2016\u201d.<\/span><\/div>\n<div><\/div>\n<div id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6917\" dir=\"ltr\"><span id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6918\">According to the statement, the 2016 audited financial account which is already with the Central Bank Nigeria (CBN) for its review and regulatory approval and the quarterly returns for 2016 would be filed on or before Friday 12, May 2017. <\/span><\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><span id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6918\">It would be recalled that based on the NSE post list requirements Skye Bank Plc supposed to submit their 2016 audited account on or before March 31, 2016. Late filing of audited and unaudited account attracts penalties.<\/span><\/div>\n<div id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6838\" class=\"yiv1023643930signature\">\n<div id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6837\" dir=\"ltr\"><\/div>\n<div id=\"yiv1023643930yui_3_16_0_ym19_1_1490968231303_6839\" dir=\"ltr\"><img decoding=\"async\" src=\"http:\/\/upgrade.financialedge.com.ng\/wp-content\/uploads\/2016\/09\/wp-financial-edge-logo.jpg\" \/><\/div>\n<\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Skye Bank Plc, says it will not be able to submit its financial statement for the period ended December 31, 2016, due to some restructuring and changes that took place in the bank. According to a statement send to the Nigerian Stock Exchange sign by the company secretary Babatunde Osibodu \u201cthe bank is currently experiencing &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":11,"featured_media":11929,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1696],"coauthors":[2392,2393],"class_list":["post-11928","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-syke-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Restructuring Delays Skye Bank 2016 Full Year Account - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/restructuring-delays-skye-bank-2016-full-year-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Restructuring Delays Skye Bank 2016 Full Year Account - National Wire\" \/>\n<meta property=\"og:description\" content=\"Skye Bank Plc, says it will not be able to submit its financial statement for the period ended December 31, 2016, due to some restructuring and changes that took place in the bank. 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