Tuesday, October 7, 2025
23.3 C
Lagos

Skye Bank: ‘CBN is Selective’

The leader of a major shareholder group in Nigeria has accused the Central Bank of Nigeria [CBN] of ‘selective justice’ in the take-over of Skye Bank Plc on Monday, July 4, 2016 for failing to maintain minimum levels of liquidity and capital adequacy ratios.

The shareholder group leader who insisted on strict anonymity told Business Journal in a phone conversation last night:

“Naturally, we should applaud the CBN for taking the right decision at the right time in respect of Skye Bank Plc to protect shareholders and depositors.

But my question is: Is Skye Bank the only weak bank in Nigeria today? Of course, the answer is capital NO.

It seems to me that Godwin Emefiele [CBN Governor] is now playing politics with the health of banks in Nigeria by selecting those to intervene in while letting others in more precarious situation than Skye Bank to continue to operate unhindered.”

He continued: “My brother, it is an open secret in the market that 7 or 8 banks are in weak condition and l was expecting the Emefiele hammar to fall on all of them at once.

Now-why only Skye Bank?-that is the puzzle that only Emefiele and his CBN can adequately answer.”

spot_img
spot_img
spot_img

Hot this week

Ecobank Nigeria Launches Upgraded Mobile App for Faster, Smarter Banking Experience

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Ortom, NOA DG, Others to Feature as Panelists at GOCOP 2025 Conference

The Guild of Corporate Online Publishers (GOCOP) has announced...

AIICO Celebrates Retiring Employees: Honouring Decades of Service with Gratitude

Left - right: Adeleke Adeshina (rtd), Lanre Oladehinde (rtd.),...

Nigeria’s Banking Woes: How One South African Bank Outvalues an Entire Industry

It is a sobering reality that one South African...

Topics

African Free Trade Body Laments Low Regional Integration

The African Continental Free Trade Area (AfCFTA) marks a...

World Bank Endorses $13bn Package for Transformational Growth

Despite expectations that growth will be robust in the...

NCC Denies Involvement in Obi/Oyedepo Audio Leak Episode

The Nigerian Communications Commission (NCC) has been inundated with...

Consolidated Hallmark Insurance Plans Micro-Life Firm in 2020

Consolidated Hallmark Insurance Plc plans to float a micro-life...

Sovereign Trust Insurance Paid N2.7bn Claims in 2019

  Mr. Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc  Sovereign Trust Insurance...

‘Coronavirus May Impact Insurance Business’

Ping An Insurance Group Co of China Limited, China’s largest insurer...

AIBA Holds Webinar April 21on Impact of Covid-19 Pandemic

 The African Insurance Brokers Association (AIBA) will hold a webinar...

Humanitarian Crises: Why Nigeria Needs Collective Response – UN Rep, Fall

Mohamed M. M. Fall UN Resident and Humanitarian Co-ordinator...
spot_img

Related Articles

Popular Categories

spot_imgspot_img