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. Babajide Agbabiaka, Dr. Jason Fadeyi, Mr. Kunle
Aluko, Mr. Victor Adenigbagbe, Mr. Abdul Bello and Hajiya Amunna Lawan Ali. In
the same vein, Mr. Timothy Oguntayo had resigned his position as Group Managing
Director / CEO, alongside Mrs. Amaka Onwughalu, Mr. Dotun Adeniyi 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.
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
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.
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
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.
The
new MD/CEO Mr Adetokunbo Mukhail Abiru, is an alumnus of Harvard Business
School (Advanced Management Program) and Lagos Business School (Senior
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 Senior 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.
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.
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).
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