FG Orders Investigation, Prosecution Of Defunct Skye Bank Directors
Image: Nairaland

The Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation (NDIC) should investigate and prosecute the directors responsible for the collapse of defunct Skye Bank, Finance Minister Zainab Ahmed has said.

Ahmed made the call when she visited the Management of NDIC in Abuja recently.

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According to her, the management staff that contributed towards the slump of the collapse of other Deposit Money Banks (DMBs) in Nigeria should be investigated and prosecuted.

While worried over the level of non-performing loans in the banking sector, she restated that the bailout to distressed financial institutions was done to ensure stability.

According to her, the NDIC and CBN should use the collapse of the defunct Skye Bank Plc as to sanction those guilty of not doing the right thing(s).