CBN Gives Skye Bank Clean Bill of Health

Wed, Aug 17, 2016
By publisher
2 MIN READ

BREAKING NEWS, Business

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THE Central Bank of Nigeria has given a clean bill of health to Skye Bank declaring that it is neither distressed nor liquidated.

A statement the apex bank made available to Realnews today, August 17, stated that its attention “has been drawn to the content of a malicious message urging customers of Skye Bank to withdraw their deposits or transfer them to other banks based on the vile allegation that Skye Bank has been liquidated by the 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 Bank also wishes to reiterate 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,” it said.

According to the CBN, “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.”

It advised customers of Skye Bank and other stakeholders to disregard any message purporting a liquidation of the bank.

—  Aug 17, 2016 @ 19:35 GMT

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