Although the number of the affected
non-core employees could not be ascertained since they were not direct
workers of the bank, it was gathered that the reasons for their exit
ranged from non-performance, disciplinary issues as well as rightsizing
the lender.

It was further gathered that most of the
affected personnel were in outsourced functions like tellers, drivers
and internal security guards.

When contacted on the development, the
Head, Corporate and Brand Communication, Skye Bank, Mr. Nduneche
Ezurike, confirmed the exit of the affected workers, adding that the
management of the bank approved the payment of generous entitlements and
severance packages to them as contained in their engagement letters and
as agreed with the workers’ union.

The Central Bank of Nigeria had on July 4
sacked the Chairman, Skye Bank, Mr. Olatunde Ayeni; Managing Director,
Timothy Oguntayo; Deputy Managing Director, Mrs. Amaka Onwughalu;
non-executive directors, Mr. Victor Odozi, Mr. Babajide Agbabiaka, Dr.
Jason Fadeyi, Mr. Kunle Aluko, Mr. Victor Adenigbagbe, Mr. Abdul Bello
and Hajiya Amunna Lawan Ali; and the two longest-serving Executive
Directors, Mr. Dotun Adeniyi and Mrs. Ibiye Ekong.

In their place, the CBN announced Alhaji
Muhammad Ahmad as the new chairman, while Mr. Adetokunbo Abiru was also
named as the new managing director.

Other members of the reconstituted board
are Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu, all of who
had been serving as executive directors of the lender before now.

The CBN Governor, Mr. Godwin Emefiele,
had explained that the “proactive moves have become unavoidable in view
of the persistent failure of Skye Bank to meet minimum thresholds in
critical prudential and adequacy ratios, which has culminated in the
bank’s permanent presence at the CBN lending window”.

The bank’s reconstituted Board was
mandated to run a lean and efficient organisation; control costs;
aggressively recover debts owed it; grow deposits; and shore up its
liquidity position.

Source: The punch