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The
CBN has approved the reconstitution of the Board of Skye Bank PLC. By
the reconstitution, Alhaji M.K Ahmad has been appointed as the new
Chairman of the Board, while Mr. Tokunbo Abiru has been appointed as the
new Group Managing Director and CEO. Messrs. Other members of the
reconstituted Board are Bayo Sanni, Idris Yakubu, Markie Idowu and
Abimbola Izu, all of whom were serving in the capacity of Executive
Director of the Bank prior to now.
The reconstitution
of the Board followed the voluntary resignation of the former Chairman, Dr.
Tunde Ayeni and other Non – Executive Directors of the Bank, namely, Mr. Victor
Odozi, Mr. BabajideAgbabiaka, Dr. Jason Fadeyi, Mr. KunleAluko, Mr. Victor
Adenigbagbe, Mr. Abdul Bello and HajiyaAmunnaLawan Ali. In the same vein, Mr.
Timothy Oguntayo had resigned his position as Group Managing Director / CEO,
alongside Mrs. AmakaOnwughalu, Mr. DotunAdeniyi and Mrs. Ibiye Ekong who
resigned their positions as DMD, and Executive Directors. All the resignations
take immediate effect.
The former
leadership of the Bank voluntarily resigned their positions in order to pave
the way for a new team to further the new strategic direction of the Bank in
the retail and commercial business space, having laid the foundations and set
the necessary processes and structures. In this wise, the challenge of
accelerating growth in the new strategic direction becomes more urgent and
compelling, given the economic challenges in the global and domestic operating
environment, and the attendant challenges.
leadership of the Bank voluntarily resigned their positions in order to pave
the way for a new team to further the new strategic direction of the Bank in
the retail and commercial business space, having laid the foundations and set
the necessary processes and structures. In this wise, the challenge of
accelerating growth in the new strategic direction becomes more urgent and
compelling, given the economic challenges in the global and domestic operating
environment, and the attendant challenges.
The Bank thanked
the former Board led by Dr. Tunde Ayeni, and the former Management team led by
Mr. Timothy Oguntayo for their service, sacrifice and dedication to the
institution.
the former Board led by Dr. Tunde Ayeni, and the former Management team led by
Mr. Timothy Oguntayo for their service, sacrifice and dedication to the
institution.
The new Chairman of
the Bank, Alhaji M.K. Ahmad in a statement earlier today, expressed optimism
about the Bank, given its vast potentials and its strategic position in the
economy. He stated that the Bank is well positioned to deepen the retail and
commercial banking services in the economy, having put in place the critical
building blocks to win in this sector.
He stated that the immediate priorities of the Board and the new
Management team is to quickly begin to leverage the huge investment in the
enhanced branch network, technology and alternative channels to improve
stakeholder value in a sustainable manner. He assured the shareholders,
customers and depositors of the Bank of his commitment to preserve their
investments and deposits, while further assuring that the support and backing
of the CBN and other relevant stakeholders have been obtained in this respect.
the Bank, Alhaji M.K. Ahmad in a statement earlier today, expressed optimism
about the Bank, given its vast potentials and its strategic position in the
economy. He stated that the Bank is well positioned to deepen the retail and
commercial banking services in the economy, having put in place the critical
building blocks to win in this sector.
He stated that the immediate priorities of the Board and the new
Management team is to quickly begin to leverage the huge investment in the
enhanced branch network, technology and alternative channels to improve
stakeholder value in a sustainable manner. He assured the shareholders,
customers and depositors of the Bank of his commitment to preserve their
investments and deposits, while further assuring that the support and backing
of the CBN and other relevant stakeholders have been obtained in this respect.
Alhaji Muhammad K.
Ahmad, OON, has about 35 years distinguished experience leading and working in
various public sector organizations and financial services institutions in
Nigeria. He was the pioneer Director General and Chief Executive Officer of the
National Pension Commission and also a pioneer staff of the Nigeria Deposit
Insurance Corporation and rose to become Director / Head of Department and
member of the Interim Management Board. Mr. Ahmad has served on the boards of various
corporate and not-for-profit organisations as well as presidential committees.
He chaired the Technical Committee that produced the North East Transformation
Strategy (NESTS), a medium term Regional Development Strategy, for the
sustainable socio-economic transformation and reconstruction of the Region and
currently supervises its implementation. Ahmad is also a member of the
Presidential Committee for the North East Intervention (PCNI). Prior to his
appointment, he was a Director on the Board of FBN Holdings PLC, where he
brought his rich experience in the financial services industry to bear on the
institution. He strongly promotes building institutions based on the highest
corporate governance and ethical standards and would bring his extensive
experience to bear on his role on the board of Skye Bank PLC as Chairman.
Ahmad, OON, has about 35 years distinguished experience leading and working in
various public sector organizations and financial services institutions in
Nigeria. He was the pioneer Director General and Chief Executive Officer of the
National Pension Commission and also a pioneer staff of the Nigeria Deposit
Insurance Corporation and rose to become Director / Head of Department and
member of the Interim Management Board. Mr. Ahmad has served on the boards of various
corporate and not-for-profit organisations as well as presidential committees.
He chaired the Technical Committee that produced the North East Transformation
Strategy (NESTS), a medium term Regional Development Strategy, for the
sustainable socio-economic transformation and reconstruction of the Region and
currently supervises its implementation. Ahmad is also a member of the
Presidential Committee for the North East Intervention (PCNI). Prior to his
appointment, he was a Director on the Board of FBN Holdings PLC, where he
brought his rich experience in the financial services industry to bear on the
institution. He strongly promotes building institutions based on the highest
corporate governance and ethical standards and would bring his extensive
experience to bear on his role on the board of Skye Bank PLC as Chairman.
Ahmad has a Masters
Diploma in Innovation and Strategy from University of Oxford and has also
attended courses and programmes in various first-rate business and management
schools, including Harvard Business School, IMD and INSEAD. A co-author of the
book, “The Extent and Effectiveness of Bank Supervision in Nigeria”, Ahmad is
married with children.
Diploma in Innovation and Strategy from University of Oxford and has also
attended courses and programmes in various first-rate business and management
schools, including Harvard Business School, IMD and INSEAD. A co-author of the
book, “The Extent and Effectiveness of Bank Supervision in Nigeria”, Ahmad is
married with children.
The new MD/CEO Mr
AdetokunboMukhailAbiru, is an alumnus of Harvard Business School (Advanced
Management Program) and Lagos Business School (Executive Management Program).
He holds a B.Sc (Economics) from Lagos State University and is a Fellow of The
Institute of Chartered Accountants of Nigeria (ICAN) and an Honorary Executive
Member of The Chartered Institute of Bankers of Nigeria (CIBN).
AdetokunboMukhailAbiru, is an alumnus of Harvard Business School (Advanced
Management Program) and Lagos Business School (Executive Management Program).
He holds a B.Sc (Economics) from Lagos State University and is a Fellow of The
Institute of Chartered Accountants of Nigeria (ICAN) and an Honorary Executive
Member of The Chartered Institute of Bankers of Nigeria (CIBN).
Tokunbo has had a
distinguished career in banking spanning about 26 years, of which his early ten
(10) years were spent in the formative years of Guaranty Trust Bank Plc.
Thereafter, he spent about Fourteen (14) years with the premier and most
valuable banking brand in Nigeria, First Bank of Nigeria Limited, where he functioned
as Executive Director, Corporate Banking between 2013 and 2016.
distinguished career in banking spanning about 26 years, of which his early ten
(10) years were spent in the formative years of Guaranty Trust Bank Plc.
Thereafter, he spent about Fourteen (14) years with the premier and most
valuable banking brand in Nigeria, First Bank of Nigeria Limited, where he functioned
as Executive Director, Corporate Banking between 2013 and 2016.
Equally during his
banking career, he was at various times between 2013-16 a Non – Executive
Director in the following companies: Airtel Mobile Networks Limited; FBN
Capital Limited (now FBN Merchant Bank Limited); and FBN Bank Sierra Leone
Limited.
banking career, he was at various times between 2013-16 a Non – Executive
Director in the following companies: Airtel Mobile Networks Limited; FBN
Capital Limited (now FBN Merchant Bank Limited); and FBN Bank Sierra Leone
Limited.
Tokunbo was the
Honorable Commissioner of Finance for Lagos State Government (2011-2013), the
economic capital of Nigeria, during the dynamic and transformational leadership
of Governor Babatunde R. Fashola (SAN).
Honorable Commissioner of Finance for Lagos State Government (2011-2013), the
economic capital of Nigeria, during the dynamic and transformational leadership
of Governor Babatunde R. Fashola (SAN).
