Skye bank CEO resigns,find out why.

Oguntayo Timothy, GMD/ CEO of Skye bank

The Managing Director/ CEO and some top management of Skye Bank of Nigeria Monday resigned in anticipation of the planned dissolution of the board and management cadres by the Central Bank of Nigeria (CBN) which has discreetly worked on removing directors of some commercial banks that have demonstrated a level of distress in the last few months. All the non-executive directors of the bank also resigned in anticipation of a clampdown by the CBN.
This is how the GMD/CEO of Skye drafted his resignation letter: