Skye Bank|Tokunbo Abiru Becomes New GMD As CBN Approves New Board Members.


The Central Bank of Nigeria in its press conference has appointed Tokunbo Abiru as the new GMD of Skye Bank PLC. Here was how the news was broken.

 New Skye GMD,
New Skye GMD,

I wish to inform you all of the changes on the Board of Skye Bank. Earlier today, Dr Tunde Ayeni and the 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 resigned their positions on the Board of the Bank. In the same vein, Mr Timothy Oguntayo 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 CBN has approved the appointment of Alhaji M.K Ahmad as the new Chairman of the Board, while Mr Tokunbo Abiru has been appointed as the new Group Managing Director and CEO. Messrs. Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu will continue in office as Executive Directors of the Bank.

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 poor performance that we recorded in the 2015 financial year end, and the attendant challenges.

As you welcome with me the new leadership team, I enjoin you all to quickly settle down to your work and hit the market with renewed vigour, confidence and assurance of the strength of your brand, and the leadership. I also wish to assure you that the new leadership team has come, not only with tested and proven competence and capacity, but also the commitment and assurance of required support and goodwill from all our key stakeholders.

Until his appointment, Adetokunbo Mukhail Abiru was an Executive Director at First Bank Limited.

He is a Fellow of the Institute of Chartered Accountant of Nigeria and Honorary Senior Member, The Chartered Institute of Bankers of Nigeria, with extensive experience in banking and consulting spanning over 20 years, Abiru holds a Bachelor of Science degree in Economics from Lagos State University.
He also attended various executive management programmes in top rated business schools, including Lagos Business School and Harvard Business School.

His working career spans stints at Akintola Williams & Co (Chartered Accountants) and Guaranty Trust Bank Plc. He joined FirstBank in 2004 and was at various times the relationship Team Leader, Retail Banking; Business Development Manager, Lagos (Ikeja1); and Group Head, Corporate Banking.


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