The Lagos state government has expressed confidence in the new board and management of Skye Bank Plc, noting that the bank is safe and in good financial health.
In a circular released yesterday by the states Permanent Secretary Ministry of Finance/Accountant General A. S Umar (Mrs), and circulated to the states MDA and Local Governments, she noted that the state government is a major stakeholder in Skye Bank.
She further advised public servants and to desist from panic withdrawals as negative rumours making rounds against the bank were unfounded.
Lagos State economy with a population nearing 21 million and four million in the middle class has been described by the local and international agencies as Africa’s fifth largest economy in GDP which is estimated at about $131 billion
The new business partnership between Skye Bank and the state is therefore expected to further boost the bank’s capacity as one of Nigeria’s leading retail and commercial bank, a statement from the bank explained.