Alhaji M.K takes over as Skye Bank’s Board Chairman

Following the resignation of Timothy Oguntayo and the disbanding of Skye Bank’s top management, the CBN, under Buhari’s orders, have replaced the management of the bank.

A statement released by Skye Bank read thus: “The CBN has approved the appointment of Alhaji M.K Ahmad as the new Chairman of the Board.

Read Also: Buhari orders CBN to takeover Skye Bank.

“Messrs. Idris Yakubu, Markie Idowu, Bayo Sanni, and Abimbola Izu will continue in office as Executive Directors of the Bank.

“The former leadership of the Bank voluntarily resigned their positions in order to pave way for a new team.

“The team is to further new strategic direction for the Bank in both retail and commercial business space, having laid the foundations and set the necessary processes and structures.

Mr. Tokunbo Abiru was also appointed as the new Group Managing Director and CEO.

Recall that between 2011 and 2013, Abiru was a commissioner of finance in Lagos State under the leadership of Babatunde Raji Fashola.

Alhaji Ahmad has 35 years’ working experience with diverse public sector organizations and financial services institutions within Nigeria.

He was the pioneer chief executive officer of the National Pension Commission.

He oversaw the establishment and growth of the pension industry in Nigeria with over N5 trillion in assets to become a major contributor to Nigeria’s GDP.

Ahmad was a pioneer staff of the Nigeria Deposit Insurance Corporation (NDIC), where he rose to become director and member of the Interim Management Board.

Read Also: President Buhari shares pictures of his grandchildren.

Abiru, on the other hand, is an alumnus of Harvard Business School (Advanced Management Program) and Lagos Business School (Senior Management Program).

Abiru set a mark in the banking industry, particularly at Guaranty Trust Bank and First Bank of Nigeria.

The Harvard Alumnus spent about 14 years with First Bank Nigeria where he rose to become the executive director, corporate banking, from 2013 to 2016.