The Central bank of Nigeria in a statement "Contrary to speculations going the rounds, the funds of depositors in all the banks remained safe and there was no need for panic withdrawal by any bank customer.
“The CBN also wishes to reiterate its earlier assurance that Skye Bank is not in distress and remains a healthy bank in the Nigerian banking system.“Indeed, the health of the Nigerian banking system remains strong; all banks in Nigeria are safe and depositors have no cause to fear over their deposits.”
It recalled that while Skye Bank had corporate governance challenges, the CBN had since taken proactive steps to resolve the issues identified.
“Indeed, the CBN is satisfied with the efforts of the new management to reposition Skye Bank for effective service delivery.
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