The Central Bank of Nigeria, CBN says it revoked the license of Skye Bank after examinations and forensic audit that revealed that the bank requires urgent recapitalisation. Godwin Emefiele, Governor of the CBN also disclosed that Skye Bank can no longer continue to live on borrowed times with indefinite liquidity support from the CBN. According…
AMCON Takes Over MMA 2, Old Federal Secretariat, Others
As management of Bi-Courtney group of companies is unable to pay a N50 billion debt it owed the Asset Management Corporation of Nigeria, AMCON, a Federal High Court in Lagos has ordered Wale Babalakin, a Senior Advocate of Nigeria, SAN, and owner of Bi-Courtney, to hand over the company’s concessionary powers to the asset managers…
