The Central Bank of Nigeria, CBN, on Monday, took over the Board and management of Skye Bank Plc.
The takeover came after the lender failed to meet the regulator’s minimum key liquidity and capital adequacy ratios.
The CBN Governor, Godwin Emefiele, disclosed this at a press conference, held at the CBN’s head office in Lagos.
The development comes days after the apex bank issued a statement stating that Skye bank is neither distressed not liquidated.
Details later…