Chief Executive Timothy Oguntayo, who led Skye Bank to acquire nationalised lender Mainstreet Bank in 2014, resigned before a central bank announcement on Monday, the source added.
Nigeria’s central bank has also sacked top executives of Skye Bank over capital adequacy issues, a source with knowledge of the matter told Reuters on Monday.
Last year, the central bank gave three commercial banks until June 2016 to recapitalise after they failed to hit a minimum capital adequacy rate of 10 percent.