Tag Archives: Skye bank

The Federal High Court, Lagos division has certified judgment delivered by the High Court of Justice Queen’s Bench Division and upheld by the Supreme Court of the United Kingdom, directing Shebah Exploration & Production Company Ltd, Allenne Ltd and Dr. Ambrosie Bryant Chukwueloka Orjiako (defendants) to pay African Export-Import Bank, Diamond Bank Plc and Skye Bank Plc (Claimants) the sum …

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–Says Skye Bank Takeover Good For Sector Tayo Olanipekun Nigerian banks’ earnings will come under pressure and capital metrics will decline marginally over the next 12 to 18 months, Moody’s has said. It noted in its latest Nigeria Banking System Outlook that the sector’s asset quality will remain weak with deterioration in loan performance that is marginal as operating conditions …

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The Nigeria Deposit Insurance Corporation has said that employees of the defunct Skye Bank Plc would be offered new contract terms under the management of Polaris Bank. The Corporation said this in a statement made available to our correspondent on Saturday and signed by the Head Communications and Public Affairs, Mohammed Kudu. The Central Bank had on Friday revoked the …

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Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced the withdrawal of the operating license of Skye Bank. Emefiele, who announced the decision today, in Lagos said depositors’ funds remain safe. Polaris Bank has been established to assume ownership of the assets and liabilities of the Bank. The Nigeria Deposit Insurance Corporation has injected N786bn in …

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Skye bank Plc has put machinery in motion to recover a debt of N9,903,790,738.98 from estate management company Senkay Nigeria limited and its Drectors Mr Mofoluso Oluyemi Ayeni and Mrs Grace Abosede Ayeni by filing an application before a Federal high court in Lagos, south west Nigeria, for an order  entering final judgment against them. In an affidavit sworn to by the head projects …

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A 26-year old undergraduate, Damilola Rachel Ajayi has emerged the overall winner of N5million star prize in the just-concluded Skye Bank Ref ‘n’ Win Promo. The ‘Ref n Win’ promo was a youth-focused initiative designed to reward Skye Bank’s account holders who were mainly undergraduates across the country. During the course of the campaign, students who referred their friends to …

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Skye Bank mCash Merchant, Sulaiman Gidado, has emerged one of the top performing agents in the country. Nigeria Inter-bank Settlement System (NIBSS) made this known when it identified Suleiman as one of the top mCash merchants at the mCash relaunch which held in Lagos Tuesday. Part of  the renewed efforts to further drive financial inclusion in line with the Central …

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A Federal high court sitting in Lagos south west Nigeria has ordered Former minister of Transport Major General Mohammed Magoro (retired)to pay a debt of N104, 061,683 to Skye bank Plc.        The judgment of the court was sequel to a debt recovery suit filed by Skye bank Plc against Major General Magoro and a limited Liability company Automobile Manufacturers Company limited. …

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The Group Managing Director and Chief Executive Officer, Skye Bank Nigeria Plc, Tokunbo Abiru, has advised students in secondary schools across the country to take money matters seriously if they wish to be in control of their financial future. He gave the advice while delivering a lecture during a one-day seminar at Rayfield International Secondary school, Nsukara Offot, Uyo, Akwa …

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In compliance with Rule 17.13 of the NSE Rule Book, we hereby notify the Exchange, the Bank’s shareholders and investor community of significant transactions on the shares of the Bank, as at today February 27, 2018, up to 6.65% of the Bank’s shares are held by two companies, as follows: AYYG & Sons Nig Ltd: 3.23% YGD & Sons Nig …

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