Monday, September 10, 2018

Tag "Skye Bank"

    CBN extends tenure of Skye Bank’s directors

CBN extends tenure of Skye Bank’s directors

The Central Bank of Nigeria (CBN) has extended the tenure of Skye Bank directors for an additional two-year term till June 30, 2020.In 2016, the CBN had intervened in the bank's management crisis and appointed new directors, relieving Tunde Ayeni of his chairmanship position.At the time, CBN approved the appointment of M.K Ahmad as the chairman of the board, Tokunbo [...]

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    ‘Pay your taxes or we shut down your operations’ — 10 banks receive warning in Kaduna

‘Pay your taxes or we shut down your operations’ — 10 banks receive warning in Kaduna

The Kaduna state Internal Revenue Service says it will close the branches of 10 commercial banks who are owing taxes if they do not pay in one week.Francis Kozah, the legal adviser to the revenue agency, told NAN that the N2.3 billion was the total withholding tax the banks failed to remit between 2011 and 2016.The affected banks are United [...]

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    Two policemen shot dead as ‘robbers’ invade Ondo bank

Two policemen shot dead as ‘robbers’ invade Ondo bank

Suspected armed robbers killed two policemen at a Skye Bank branch in Ifon, headquarters of Ose local government area of Ondo state, on Thursday.A witness said the suspects numbering 15 stormed the premises of the bank around 3pm.He said they blew up the bullet-proof door with substance suspected to be dynamite before gaining entrance.A yet to be identified man at [...]

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    Two banks take over Evans Medical Plc

Two banks take over Evans Medical Plc

The management of Evans Medical Plc says Skye Bank Nigeria Plc and First Bank of Nigeria have taken over its assest.Adesua Akintemi, the company's secretary, disclosed this in a statement shared with TheCable.The statement said the company had received a court order for its assets to be taken over as a result of a loan default."Evans Medical Plc would like [...]

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    EXCLUSIVE: Skye Bank seeks to take over Omokore’s oil wells

EXCLUSIVE: Skye Bank seeks to take over Omokore’s oil wells

The management of Skye Bank Plc is seeking to take over some oil wells belonging to Jide Omokore, a businessman currently involved in some corruption cases within and outside Nigeria.The bank said Omokore is indebted to it to the tune of about N110bn at an exchange rate of $1/N315.The loans were said to have been obtained through three companies, namely: [...]

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    EXCLUSIVE: Ayeni pays Skye Bank $10m as management writes Osinbajo (updated)

EXCLUSIVE: Ayeni pays Skye Bank $10m as management writes Osinbajo (updated)

The management of Skye Bank Plc has written to Acting President Yemi Osinbajo detailing how Tunde Ayeni, chairman of the bank between 2010 and 2016, allegedly used his position to take huge loans from the bank.But TheCable understands that Ayeni has started repaying the loans -- insiders said he paid $10 million to Skye Bank last week and also pays $4.5 million [...]

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    TSA funds: UBA, Sterling, Fidelity deny… Skye Bank admits holding money

TSA funds: UBA, Sterling, Fidelity deny… Skye Bank admits holding money

In response to the court directive to remit $793.2 million allegedly hidden in seven commercial banks, UBA, Fidelity Bank and Sterling Bank have denied having any money in their possession.Although Skye bank admitted holding money, it denied hiding it from the Central Bank of Nigeria (CBN).On Thursday, Chuka Obiozor, judge of a federal high court in Lagos, ordered the seven [...]

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    Patience Jonathan granted access to her $5.9m

Patience Jonathan granted access to her $5.9m

The Economic and Financial Crimes Commission (EFCC) has withdrawn an application seeking to stop Patience Jonathan, former first lady, from having access to her bank account.On April 6, Mojisola Olatoregun, justice of the federal high court, Lagos, gave an order unfreezing the Skye bank account of Jonathan, which contains $5.9m.In December 2016, she had ordered that the account be frozen.Subsequently, [...]

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    After CBN shake-up, 4 directors of Skye Bank resign

After CBN shake-up, 4 directors of Skye Bank resign

Months after the Central Bank of Nigeria (CBN) re-constituted the board of Skye Bank Nigeria, four executive directors, have announced their voluntary resignation from the bank.The directors, who had served in executive management capacity for nearly two years, had been part of the new board of the bank, which came into being following the July 4, 2016 intervention of CBN.Those [...]

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    Forte Oil, Skye Bank top NSE’s 2016 worst performing stock list

Forte Oil, Skye Bank top NSE’s 2016 worst performing stock list

Forte Oil Plc has emerged the worst performing stock in 2016, in percentage terms, having dropped by 74.42% to close trading at N84.43 per share as against N330 at the start of the trading year.Statistics obtained by NAN from the Nigerian Stock Exchange (NSE) showed that  Skye Bank followed with a loss of 68.35% to close at 50k, compared with [...]

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    Tellers, drivers… Skye Bank fires 50 low income staff

Tellers, drivers… Skye Bank fires 50 low income staff

Four months after Skye Bank Plc sacked 175 of its staff, it has terminated the appointments of 50 staff who were either auxiliary or outsourced employees.According  to PUNCH, the affected staff were tellers, drivers and and security guards.Some of the reasons given by the organisation were "right sizing, non-performance and other disciplinary issues".The bank said it is committed to running [...]

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    CBN unveils banks with lowest and highest lending rates

CBN unveils banks with lowest and highest lending rates

The Central Bank of Nigeria  (CBN) on Wednesday unveiled the list of banks with the lowest and the highest lending rates, and called for transparency in the bank rates.The Monetary Policy Committee (MPC) of the apex bank called on the banks to publish their lending rates once a week to drive transparency and competition between the lenders."In furtherance of the [...]

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    EFCC detective: Patience Jonathan’s $15m accounts opened with ‘fake’ identity cards

EFCC detective: Patience Jonathan’s $15m accounts opened with ‘fake’ identity cards

The Skye Bank accounts of Patience Jonathan, former first lady, which contained a total of $15million, were opened with fake identity cards and driving licences, Punch is quoting an Economic and Financial Crimes Commission (EFCC) detective as saying.EFCC froze four Skye Bank accounts of four companies containing more than $15million in all, and the former president's wife subsequently claimed ownership of [...]

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    EFCC: Patience Jonathan claims to be a housewife yet she has $20m

EFCC: Patience Jonathan claims to be a housewife yet she has $20m

An operative of the Economic and Financial Crimes Commission (EFCC) is at a loss about how Patience Jonathan, former first lady, claims to be a housewife yet possess $20m in her account.According to Punch, the operative, who did not want to be named, was speaking after EFCC froze another Skye Bank account belonging to the former president's wife, which contained$5millionEFCC had [...]

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Exchange Rates

September 10, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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