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Why Identified Successor Talks Decorating Skye Bank Is Consigned To Dreamland

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Tokunbo Abiru

Checks by societynow.ng revealed that the Managing Director of Skye Bank Tokunbo Abiru has been confirmed to take charge till the year 2020.

Information available to societynow.ng revealed that the Central Bank of Nigeria made the confirmation earlier in the year.

The decision by the nation’s apex banking institution was reportedly premised on the “sterling performance” Abiru and his team have brought to the bear on the bank.

The two-year extension makes it the second prolonged spell of the Bank’s boss’ tenure by the central bank.

The CBN appointed Abiru as Managing Director and MK Ahmad as Chairman – along with other management team members – in 2016 to turn around the fortunes of the financial institution.

And the team appears to have done such a “wonderful job” that the CBN has shown strong confidence in back to back extension of tenure and renewal of various regulatory supports for the financial institution.

Insiders confirmed the management team – and other stakeholders – at the bank are now focused on taking the bank to the next level with emerging talks of “an identified successor” in some quarters labelled “only in the realm of dreamland”.

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