The dissolution of the board and management of Skye Bank Plc has translated into a major business crisis, as shareholders begin to sell their shares.
Investigation by www.theoctopusnews.com, revealed that shareholders of the bank had a busy day at the Nigerian Stock Exchange, as they try to sell off their shares.
It was however being a bad day for their agents, as the stocks could not be sold.
Our source at the NSE revealed that despite offers to sell there was no body to buy. An estimated 80 Million Naira worth of stocks offered for sales could not be sold we were informed.
This reaction is coming on the heels of the dissolution of the board and management of the bank, as the Central Bank of Nigeria (CBN), gets set to initiate a partial take over.
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