Skye Bank Plc Monday appointed Amaka Onwughalu as its interim Managing Director for Mainstreet Bank after a notice to the Nigerian Stock Exchange, NSE in Lagos. Onwughalu would also oversee the affairs of the bank as the Deputy Managing Director, DMD.
The Asset Management Corporation of Nigeria, AMCON formally handed over the management of Mainstreet Bank to Skye Bank Plc on 18 December. The bank also said that directors of Mainstreet Bank had also resigned their appointments on that date. It added that the bank had constituted interim management board that comprised of Onwughalu as Managing Director and Dotun Adeniyi as an executive director. The bank said that the interim management board was expected to steer the affairs Mainstreet Bank Ltd in the next six months.
It also said that the appointments would afford the bank the opportunity to pursue the integration of the operations of the two banks, according to newmail.com. Onwughalu was appointed to the Board of Skye Bank on 30 November, 2008.