Tag central bank pumps 100n naira into skye bank after sacking top management
I think there may be some inaccuracies in your statement. Here's a breakdown:
- "Tag central bank": I'm assuming you meant to say "The Central Bank of Nigeria" (CBN).
- "Pumps 100n naira into Skye Bank": The CBN did not pump 100n naira (which is not a valid currency denomination) into Skye Bank. However, the CBN did intervene in the affairs of Skye Bank in 2016 by appointing a new management team and increasing its capital base to prevent a potential collapse of the bank.
- "After sacking top management": The CBN did not sack the top management of Skye Bank. Instead, the bank's management was replaced by a new team led by Mr. Tokunbo Abiru, who was appointed as the Managing Director/Chief Executive Officer of Skye Bank in 2016.
To provide some context, Skye Bank was facing financial difficulties in 2016, and the CBN intervened to prevent a potential collapse of the bank. The CBN's actions included increasing the bank's capital base, appointing a new management team, and providing regulatory support to help the bank recover.
It's worth noting that the CBN has a mandate to regulate and supervise the banking industry in Nigeria, and it has taken various measures to ensure the stability and soundness of the banking system.