Photos of customers' reaction after CBN sacks management of Skye Bank, takes over the bank

The Central Bank of Nigeria sacked the management team of Skye Bank yesterday over capital adequacy issues. The bank's top executives on getting wind of their impending sack, resigned en-mass yesterday morning. The bank's Chairman, Tunde Ayeni and its Managing Director, led other executive and non-executive board members to tender their resignation before the apex bank announced the dissolution of the bank's management team yesterday afternoon. 

CBN will manage the affairs of the bank for some time. The bank, according to financial experts, has been distressed for a while.

Afterwards, at Oke-Ilewo in Abeokuta, Ogun state Customers of Skye Bank besieged the bank to withdraw their money after news of CBN firing the bank's management team broke. Nigerians will hail o. lol


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