The Letter Confirming CBN’s Takeover Of Skye bank

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As a confirmation, the Central Bank Of Nigeria, CBN has confirmed all reports about its takeover of Skye bank.

Skye Bank Takeover
Skye Bank Takeover Letter. Source: CBN

The CBN in a letter to Skye Bank’s CEO informed him that the bank will be taken over as a result of the firm’s inability to meet the required capital adequacy ratio required for all banks.

The CBN has replaced the management, their names will be released as soon as possible.



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