NO wonder Ambode moved LASG account to Access bank....Some of us saw this coming...Its end of the road for Skye bank...so sad!

But what i find very disheartening is the fact that, the shareholders/directors who crippled this bank are still walking free in the country. In a sane clime, they would have been jailed by now. The new management appointed by CBN also refused to be aggressive and brutal in going after properties of these crooks for recovery of the delinquent debts. Of course, it would have serve as deterrent to other directors who think they can run a bank aground and nothing will happen.

Coolcash1:
NO wonder Ambode moved LASG account to Access bank....Some of us saw this coming...Its end of the road for Skye bank...so sad!

But what i find very disheartening is the fact that, the shareholders/directors who crippled this bank are still walking free in the country. In a sane clime, they would have been jailed by now. The new management appointed by CBN also refused to be aggressive and brutal in going after properties of these crooks for recovery of the delinquent debts. Of course, it would have serve as deterrent to other directors who think they can run a bank aground and nothing will happen.

It doesn't affect accounts held in the bank. Its only the shareholders that lost. Its Govt's gain since the will soon sell the bank (to themselves) and pocket the money.

Coolcash1:
NO wonder Ambode moved LASG account to Access bank....Some of us saw this coming...Its end of the road for Skye bank...so sad!

But what i find very disheartening is the fact that, the shareholders/directors who crippled this bank are still walking free in the country. In a sane clime, they would have been jailed by now. The new management appointed by CBN also refused to be aggressive and brutal in going after properties of these crooks for recovery of the delinquent debts. Of course, it would have serve as deterrent to other directors who think they can run a bank aground and nothing will happen.

Please what will happen to Morgan capital account cos I saw this coming long a go and that was the question I asked them at Morgan capital before I opened the account with them and now that the expected has happened what is our faith with them. Am also watching DBN

aremso:



Please what will happen to Morgan capital account cos I saw this coming long a go and that was the question I asked them at Morgan capital before I opened the account with them and now that the expected has happened what is our faith with them. Am also watching DBN

Nothing will happen to accounts in skye bank. For them, its only a name change. Na shareholders go suffer.

Yayira:


Why diamond when wema is still there ? Abeg make understand oo..

Love your question, please note that wema is own by the SW States just as unity bank is owned by the northern States and they will do anything to ensure nothing happens to their bank. The duo would have gone long a go under sanusi as CBN gv but diamond is perceived to be owned by individual and other share holders who are not core owners. Just my thought though

wanaj0:


Why are you hastily trying to discourage people

So is bad to say it as it is?

swilo:
Dear Mcy, You are already stammering. Hope you are not a victim?

Lol. Thanks for watching my back. What I have in Skye is not something i cannot forfeit should it get to that stage. Mpeace, thank you too.

I mentioned somewhere here that i sold my skye shares already and waiting for another round trip. Though I later bought just very small units (when there was price resistance at 64k) with the intention to buying more when the price goes down again.

However, before anyone quickly laughs or accuses, they should know that this goes beyond just "thank goodness I'm not in Skye" but rather a reflection of many ills going on in the system. If they should open the 'yansh' of some banks window-dressing reports, the findings might be shocking to many.

I was just not happy about the way CBN went about all these acquisition of a thing when they were also not transparent with the whole process and they have their hands soiled as well.

These puzzle questions still remains: Why did the CBN-appointed management failed to go after the properties of those that ran the bank aground with ridiculous unpaid loans? Are those people also bigger than CBN? Why was the intervention fund CBN gave not been monitored? Why did CBN covered the mess up till this point? Now another billions injection into a bridge bank

Like I said before, there's more to this and these guys were not telling us everything.

Thank God for all the good people in this forum, bought small units at .52 and sold yesterday at .70. God bless you all.

To all those worried about the safety of depositors funds in the defunct Skye please read the press statement attached from the management of Polaris Bank.

aremso:


So is bad to say it as it is?

Discouragement should not be done hastily.

For those trapped in Skye, sorry. The lesson here is never invest where there is no result.
For Morgan capital customers,.no need to panic, i am sure that's not the only account they use to transact. If you don't feel safe, you may move your shares to another stock broking house seamlessly.

Preach the word; be instant in season, out of season; reprove, rebuke, exhort with all long suffering and doctrine.
2 Timothy 4:2 King James Version (KJV)

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/17#71416195

Mcy56:

Lol. Thanks for watching my back. What I have in Skye is not something i cannot forfeit should it get to that stage. Mpeace, thank you too.

I mentioned somewhere here that i sold my skye shares already and waiting for another round trip. Though I later bought just very small units (when there was price resistance at 64k) with the intention to buying more when the price goes down again.

However, before anyone quickly laughs or accuses, they should know that this goes beyond just "thank goodness I'm not in Skye" but rather a reflection of many ills going on in the system. If they should open the 'yansh' of some banks window-dressing reports, the findings might be shocking to many.

I was just not happy about the way CBN went about all these acquisition of a thing when they were also not transparent with the whole process and they have their hands soiled as well.

These puzzle questions still remains: Why did the CBN-appointed management failed to go after the properties of those that ran the bank aground with ridiculous unpaid loans? Are those people also bigger than CBN? Why was the intervention fund CBN gave not been monitored? Why did CBN covered the mess up till this point? Now another billions injection into a bridge bank

Like I said before, there's more to this and these guys were not telling us everything.

Really these questions hit the core of the rot existing in the whole CBN-SKYE romance. The most annoying one is why did they insinuate that they were working to release outstanding financial results? From this whole saga, shareholders are at risk from all angles:

-Risk from management of coy
-Risk from fellow shareholders
-Risk from MM
-Risk from government
-Risk from regulatory bodies.

Now the big question is why would I want to leave my money indefinitely in a stock with all these crocodiles?

The funny thing is that I took a trip round my area in Alimosho, Lagos this morning to Skye Bank branches to get the mood, the places I visited had their ATMs no dispensing cash. I am planning to do another check by 11am today to see if the ATMs have been loaded.

Though customers money is safe, the new management will surely want to restrict panic withdrawals which are natural in this case.

dipoolowoo:
The funny thing is that I took a trip round my area in Alimosho, Lagos this morning to Skye Bank branches to get the mood, the places I visited had their ATMs no dispensing cash. I am planning to do another check by 11am today to see if the ATMs have been loaded.

Though customers money is safe, the new management will surely want to restrict panic withdrawals which are natural in this case.

Do online now

It unfortunate for the Skye bank shareholders to have lose their hard earned cash this way. Sorry my pple
Lesson learned never put ur penny on company with no result.

cc fidelity shareholder

dipoolowoo:
The funny thing is that I took a trip round my area in Alimosho, Lagos this morning to Skye Bank branches to get the mood, the places I visited had their ATMs no dispensing cash. I am planning to do another check by 11am today to see if the ATMs have been loaded.

Though customers money is safe, the new management will surely want to restrict panic withdrawals which are natural in this case.

Do you need to visit ATM's before getting your cash? The very serious ones initiated transfers yesterday pending when the picture gets clearer. My friends still having some cash there are the ones that exceeded daily transfer limit. One was awake till 12am before he initiated the 2nd batch. So I was told, I wasn't with either of them.

But I think depositors money are safe! People might panic though but it's a normal reaction in this clime.

currentprice:


Do online now

Exactly!

mendes911:


Exactly!

He knows now, dipo only looking for story to write

moneywoman74:
Good morning House.
Today is my birthday. I need all prayers and best wishes!

Happy belated birthday

moneywoman74:
Good morning House.
Today is my birthday. I need all prayers and best wishes!

Happy belated birthday

DOLLARTEX:
happy birthday bro.

Happy belated birthday

Infinitisi:

She is a man

LOL

swilo:
We all need a Wanaj0, a Chibuking, an Agba, a Peterichy, a loco and a Mendes in our lives. You never really know when you run out of common sense until you read their comments a second time.


OGG no offense, it was clearly stated that skye was a death trap. Those chasing Japaul and Oando, your time is coming.


#CAVERTON to the SKYE.

OGG used the last available parachute

NSE Suspends Trading of Skye Bank Shares
https://www.businesspost.ng/2018/09/22/nse-suspends-trading-of-skye-bank-shares/

Na you understand my motive bro. I don't bank with Skye Bank. Even my holdings in the bank were offloaded this week when I got the signal to selloff.

My trip was only to see the mood. I will even repeat it on Monday, when full banking operations are expected to resume.

currentprice:


He knows now, dipo only looking for story to write

Common sense that is not so common should tell those in Unity Bank to be out now while they can. But as usual.....vendors of hope will come up with reasons why they should not. This Bank has some quarters of financial result still undeclared. Just go and look in a mirror and converse with yourself on the wisdom of retaining this bank stock in your portfolio.

dipoolowoo:
Na you understand my motive bro. I don't bank with Skye Bank. Even my holdings in the bank were offloaded this week when I got the signal to selloff.

My trip was only to see the mood. I will even repeat it on Monday, when full banking operations are expected to resume.

U no do well for my pple o, u got the signal earlier and you did not inform your brothers. even if u use parable we for understand u now

Godisfaithful:



My brother, long term investment in Nigeria has been death long time ago. Choose your stock broker wisely. Some will close down without notice. The tide is turning on them soon. All the best my brother and to all NSEMPA family. It is about to get crazy but we shall overcome.

Thanks bro.. No longterm investment for now

Some bank stocks will take a beating next week.

You are very correct. In fact, any company defaulting in filing results for two years above should be avoided like a plague.

I just hope Diamond Bank, Union Bank and Fidelity Bank will not end this way. Tier-1 banks are still the best to invest in.

Onuokwu:
Common sense that is not so common should tell those in Unity Bank to be out now while they can. But as usual.....vendors of hope will come up with reasons why they should not. This Bank has some quarters of financial result still undeclared. Just go and look in a mirror and converse with yourself on the wisdom of retaining this bank stock in your portfolio.