Why 4 Skye Bank Executive Directors Resigned

Mr. Tokunbo Abiru, CEO, Skye Bank Plc

In order to ensure a smooth leadership progression and service delivery to its customers, Skye Bank Plc on Friday announced the voluntary resignation of some of its Executive Directors from the services of the Bank.
The Directors who had served in Executive Management capacity for nearly two years had been part of the new Board of the bank which came into being following the July 4, 2016 intervention of the Central Bank of Nigeria (CBN) and subsequent re-constitution of its Board.
The Directors who resigned are Mr. Idris Yakubu, Mrs. Markie Idowu, Mrs. Abimbola Izu and Mr. Bayo Sanni.
“In order to ensure a smooth leadership progression and service delivery to its customers, the following senior officers, all General Managers have been re-assigned to oversee the affected directorates,” the bank management said.

The GMs that will act as executive directors until substantive ones are appointed are; Mr. Segun Opeke, who will oversees the Lagos Commercial Directorate, comprising Corporate, Commercial and Retail; Mr. Ayo Abina will supervise the South directorate while Mr. Femi Aribaloye will oversee the Risk Management Directorate accordingly. The new appointments takes immediate effect.

The Group Managing Director of the Bank Mr. Tokunbo Abiru thanked the Executive Directors for their service to the bank.

He noted that they had contributed immensely to the successful leadership transition which commenced last year.

One of the Executive Directors who spoke under anonymity noted that “having put in some time in the bank, resignation from service is not new in the industry. New structures will always create new opportunities and challenges, I think this is the right time to step aside for others to also contribute to the growth of the Bank.”

The Bank has also announced that the new development does not in any way affect the smooth running of her operations as the Bank continues to deliver banking and other ancillary financial services to its customers across the country.
Skye Bank is one of the eight banks described by the regulatory CBN as a Systematically Important Bank (SIB) on account of its size, market share and financial interconnectedness in Nigeria and the West Africa sub-region.