Just 4 individuals/entities sent Skye Bank to the grave - through insider loans. They're:
1. Tunde Ayeni (former boss of the bank): 89.4 billion naira (used to acquire Ibadan and Yola Discos, and Nitel), 29.5 billion discovered in suspense account linked to him, 6.8 million dollars diverted into his law firm.

2. Festus Fadeyi (his son as a non-executive director of the bank): 616 million dollars (#191 billion) for his company, Pan Ocean.

3. Jide Omokore: #110billion: for AEDC (#56billion), Cedar Oil/Gas (#22billion), Real Banc Ltd (#31billion).

4. Forte Oil: #11.6billion.

Now, the CBN has coughed out #1.4trillion taxpayers' monies (the majority of whom cannot even assess basic loans for start-ups from the same bank) to bail out the bank, and the criminals are living large.

The Skye bank issue is a monumental fraud like that of WorldCom.

Were was NDIC and SEC when this bank didn't file annual return for 5 years.

They were supposed to maintain certain balance with CBN to remain in biz. What happened to that.

I doubt if its only Skye bank that travelled this road