Skye Bank not distressed, says CBN


The Central Bank of Nigeria (CBN) has defended the liquidity position of Skye Bank Plc, saying the lender is neither distressed nor liquidated.

In a statement, its Acting Director, Corporate Communications, Isaac Okorafor, said the regulator was drawn to the content of a message urging customers of Skye Bank to withdraw their deposits or transfer them to other banks.

The message alleged that Skye Bank has been liquidated by the apex bank. “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 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.

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