• Skye Bank: Why we struck – CBN shares reasons

    Skye Bank: Why we struck – CBN shares reasons

    The Central Bank of Nigeria (CBN) has attributed its in-tervention in Skye Bank Plc. to the lender’s failure to meet minimum capital ratios.

    Governor of the apex bank, Mr. Godwin Emefiele, disclosed this at a press conference in Lagos yesterday.

    But the new Chairman of the Skye Bank, Alhaji Muhammad Ahmad, has assured the shareholders, customers and depositors of the bank of his com-mitment to preserve their investments and deposits.

    Emefiele explained that Skye Bank’s liquidity and have been below and above the […]

  • Why tribunal struck out Onjeh petition against David Mark’s election

    Why tribunal struck out Onjeh petition against David Mark’s election

    The National Assembly Elections Petitions Tribunal in Makurdi, Benue State on Thursday struck out the petition filed by Daniel Onjeh against Senator David Mark’s election for being statute barred.

    In her ruling, Justice Chinyere Anulude, who read the judgment, said due to the sui generis nature of election matters, the day of the election shall not be excluded.

    According to Anulude, from the date of filing the petition, it is crystal clear that the petition is manifestly filed out of time by […]