Wednesday, August 17, 2016

SKYE BANK IS NOT DISTRESSED - CBN

The Central Bank of Nigeria (CBN) has reacted to what it called a malicious message urging customers of Skye Bank to withdraw their deposits or transfer them to other banks based on the vile allegation that it has been liquidated, saying there is nothing of such.

According to a statement by Isaac Okorafor, Acting Director, Corporate Communications, CBN, “The CBN wishes to state, and emphatically so, that it has not liquidated Skye Bank or any other Deposit Money Bank for that matter.”
The apex bank also reiterated its earlier assurance that Skye Bank “is not in distress and remains a healthy bank in the Nigerian banking system. Indeed, the health of the Nigerian banking system remains strong, all banks in Nigeria are safe and depositors have no cause to fear over their deposits.
“While it will be recalled that Skye Bank had corporate governance challenges, the CBN has since taken proactive steps to resolve the issues identified. Indeed, the CBN is satisfied with the efforts of the new Management to reposition Skye Bank for effective service delivery.”
CBN therefore advised customers of Skye Bank and other stakeholders to disregard any message purporting a liquidation of the bank. 

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