Full Press release by CBN on SKYE Bank and Polaris

Gentlemen of the Press
1. You  will  recall  that  on  4th  July  2016,  we  took  a  regulatory  action  on Skye bank Nigeria PLC. Specifically, this action led to the resignation of the  Chairman,  all  Non-Executive  Directors  on  the  Board  as  well  as  the Managing  Director,  Deputy  Managing  Director,  and  the  two  longest-serving Executive Directors on the Management Team.

2. At  that  time  the  proactive  action  was  informed  by  unacceptable corporate  governance  lapses  as  well  as  the  persistent  failure  of  Skye Bank  PLC  to  meet  minimum  thresholds  in  critical  prudential  and adequacy ratios, which culminated in the bank’s permanent presence at the CBN Lending Window.

3. The  focus  of  the  action  then  was  to  save  depositors’  funds  and  to ensure   that   the   bank   continued   as   a   going   concern,   being   a systemically important bank. Part of our intention was also to stem the imminent job  losses  to  staff  if  a  liquidation  option  had  been  adopted. 

Reveiew of The Global Customer Segmentation Framework Nigeria by Don Odedeyi Abiodun

It's been a while.

Recently, I was at the launch of The Global Customer Segmentation Framework Launch at the Lagos Business School, Lekki, Lagos.

The Global Customer Segmentation Framework is a research that took an in-depth look into how best to service customers, have a real impact on their wellbeing and further enhance financial inclusion Nigeria (see downloadable pdf of the research at the end of this writeup).

The programme was meant to help organization to do the following Design product(s) and services, Improve product strategy and design, Help to target specific market with tailored product(s) that have direct impact to their needs.