Nigeria: CBN says Skye Bank not distressed
Nigeria: CBN says Skye Bank not distressed The Central Bank of Nigeria (CBN) has refuted messages being circulated in some quarters that Skye Bank has been liquidated by the CBN. Mr. Isaac Okorafor, the Ag. Director, Corporate Communications in a statement yesterday said the message urging customers of Skye Bank to withdraw their deposits or transfer them to other banks based on the vile allegation that Skye Bank has been liquidated by the CBN is false and malicious. The CBN wishes to state, and emphatically so, that it has not liquidated Skye Bank or any other Deposit Money Bank for that matter” the statement said. “The Bank 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 emphasized. “While it will be recalled that Skye Bank had corporate g