Skye Bank Plc has appointed Mrs. Amaka Onwughalu as the interim Managing Director for Mainstreet Bank Limited.
Skye Bank recently acquired Mainstreet Bank from the Asset Management Corporation of Nigeria (AMCON).

The bank in notified the Nigerian Stock Exchange (NSE) Onwughalu would also continue in her role as Deputy Managing Director (DMD) at Skye Bank.
The News Agency of Nigeria (NAN) reported that AMCON formally handed over the management of Mainstreet Bank to Skye Bank on December 18. The bank also said that directors of Mainstreet Bank had also resigned their appointments on that date.

It added that the bank had constituted interim management board that comprised Onwughalu as managing director and Mr Dotun Adeniyi as an executive director.
The bank said that the interim management board was expected to steer the affairs of Mainstreet Bank in the next six months.

It also said that the appointments would afford the bank the opportunity to pursue the integration of the operations of the two banks.

Onwughalu was appointed to the Board of Skye Bank on November 30, 2008. The statement described her as an astute bank administrator with over 27 years of experience.

The bank added that she rose to the position of acting Managing Director of Reliance Bank in April 2005 till the merger scheme, which gave birth to Skye Bank in 2006. It also added that she was in charge of the Treasury Group, the International Funding Group, Corporate Banking Group and International Subsidiaries of the bank in her current capacity as DMD

Similarly, Adeniyi was also appointed to the board of Skye Bank on November 30, 2008.

Adeniyi was described as a banker with over 28 years of experience spanning corporate banking, commercial banking, retail banking, international trade finance and banking operations.

He is currently Skye Bank’s Chief Risk Officer. Adeniyi started his banking career as a trainee manager with the United Bank for Africa (UBA) in 1986.


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