The Central Bank of Nigeria (CBN) has advised customers and other stakeholders of Skye Bank to disregard any message purporting a liquidation of the bank.

This is contained in a statement by the Acting Director, Communications, Isaac Okorafor, in Abuja on Wednesday.

According to it, malicious messages are making the rounds suggesting that the bank is distressed or 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.’’

The statement recalled that Skye Bank had corporate governance challenges and that the CBN had since taken proactive steps to resolve the issues identified.

It also said that the CBN was satisfied with the efforts of the new management to reposition Skye Bank for effective service delivery.

Source:premiumtimes.

The bank was on the brink of collapse and was saved from liqudation by the CBN through capital injection.

The bank is presently struggjing and battling for survival. The case of Skye bank is not too different from Afribank/Mainstreet which they acquired.

ALABIMAN ITS CHANGE OF MANAGEMENT AND NOTHING EXCEPTIONAL.We all know that almost all the commerecial bankS in the country are struggling to survive in this economic situation.the bank dosnt have any problem and yes THEY ACQUIRED MAINSTREET WHICH SHOWS THAT THE BANK IS BIG ENOUGH.

What brought about the change of mgt? Liquidity crisis and huge NPL portfolio above industry average.

It is an open truth that Skye bank is seriously struggling.Look at their last financial Year result and also this year mid year result.What does that potray?

The bank is seriously bleeding and depositor are scared.The CBN has done the right thing with the statement

As for Skye bank acquisition of Mainstreet,that is a story for another day.
God will restore Skye bank back to its place.