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Monday, 11 July 2016

Skye Bank tsunami…Panic grips Diamond, Heritage, First Bank as EFCC investigates banking sector

 
The centre refuses to hold for Nigerian bankers. Panic invades the nation’s banking halls as you read. It runs major financial institutions’ board rooms and moneyed lounges amok, leaving a miasma of fear in its wake.
As you read local bank chiefs are jittery and terrified of being caught in the dragnet of the Economic and Financial Crimes Commission (EFCC). Many of them became restless soon after the Central Bank of Nigeria (CBN), replaced the Tunde Ayeni-led Board and management team of the bank.
The CBN took over the Board and management of Skye Bank Plc after the lender failed to meet the regulator’s minimum key liquidity and capital adequacy ratios.
According to the CBN governor, Godwin Emefiele, the apex bank had appointed a new board and management for the bank following the resignation of the Chairman, Tunde Ayeni, and Management Director/Chief Executive Officer, Timothy Oguntayo.
In the wake of the changes that were effected at Skye Bank, senior management executives of rival banks are engaged in a frantic hustle to clean up their practice and resolve conundrums that could cast aspersions on their personal, professional and institutional ethics.
Uneasy calm pervades the halls and boardrooms of the three banks as senior executives of the financial institutions become more painstaking in monitoring transactions and other financial services conducted by both their internal and external publics, on their watch. They have read the riot act to their employees, stating emphatically that none of them must indulge in any shady transaction lest their institutions are found complicit and deserving of scrutiny by the EFCC’s anti-corruption task force. Source: The Capital Ng

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