Nigerian regulator overhauls management of major local bank
No need for panic, central bank says
The Central Bank of Nigeria has enforced a change of management of Skye Bank, a major commercial bank, it announced on July 4.
The chairman, managing director, deputy managing director and all non-executive directors were obliged to quit their jobs with immediate effect, the central bank said.
The two longest-serving executive directors had also resigned, it said. Using the powers vested in the central bank governor, the central bank had decided to "reconstitute the Board and Management of the
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