Tunde Ayeni, former Chairman of the Board of Directors of defunct Skye Bank Plc, has finally broken his silence on the circumstances that led to the collapse of the bank.
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Speaking during an interview with journalists, reported by Thisday, Ayeni explained that the downfall of Skye Bank was not due to managerial incompetence or poor financial performance, but rather systemic flaws and external forces beyond the board’s direct control.
“Our level of corporate governance in most institutions is still poor in this environment,” he said. “There are a lot of corporate deceits that lead to corporate failures.”….KINDLY READ THE FULL STORY HERE▶
