These days Skye Bank MD Tokunbo Abiru looks like a man carrying the weight of the world on his slender shoulders. As he engages in an internal battle with himself on how best to contend with the slings and arrows of fortune, the reputation which he has cultivated over many years of service in the banking sector is in danger of ebbing away into the drainage.
After the long honeymoon of soaring euphorically above the clouds with Skye Bank, the wings have stopped working, and the ebullient MD/CEO of Skye is struggling to stay airborne.
Under Abiru’s stewardship, Skye Bank, which was a haven of stability and good fiscal practice has become a dilapidated container leaking money by the millions. The once-proud bank is groaning under huge debt burden. Many of the elite clientele that used to boost the bank’s balance sheet have absconded with money they borrowed and refused to pay back. With Skye forced to write off some of these loans as bad debts, the spectre of bankruptcy is allegedly looming large.
However, despite the storms buffeting him from all sides, Abiru has refused to follow the example of some of his peers whose names are inscribed in the hall of infamy as executives of failed bank. He has girded his loins and bared his claws. He is not ready to go down without a fight.