The managing director and chief executive of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim yesterday disclosed that former board chairman of the defunct Skye Bank, Tunde Ayeni and former managing director, Timothy Oguntayo, are being investigated for their roles in the bank.
Speaking on the sidelines of the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) workshop in Lagos yesterday, the NDIC boss said investigations have already commenced and law agencies will do their work once the investigations have been concluded.
The Central Bank of Nigeria (CBN), NDIC and the Asset Management Corporation of Nigeria had last week Friday revoked the operating licence of Skye Bank following its financial instability, thus necessitating the regulators to rename it Polaris Bank and a capital injection of about $2 billion.
“They (former directors of defunct Skye Bank) are being investigated and I can assure that when the time comes, the…
Read More…..Leadership Newspaper
