PANIC WITHDRAWALS HIT SKYE BANK, DEPOSITORS CLAIM THEIR MONEY IS NO LONGER SAFE THEIR

Panic withdrawals and shut down of accounts have suddenly hit one of Nigeria's New Generation Banks - Skye Bank. According to several reports customers of the Bank are in fear and have already started withdrawing their hard-earned money in custody of the bank. For some others, they have begun closing their accounts with Skye Bank because of fear of what could happen after the present government leave office and a new one to be led by Gen Muhammadu Buhari takes over

The public support the Chairman of Skye Bank, Tunde Ayeni, gave President Goodluck Jonathan is said to be the main reason for their decision. They fear that since the President lost his bid to get re-elected on Saturday, March 28, 2015, the bank may be doomed. Recall that in December 2014, Ayeni publicly donated the sum of N2 billion for Jonathan at a dinner held in Abuja to raise fund for his re-election campaign. This was kicked against by some shareholders of the financial institution, who frowned at the action of the bank’s Chairman.

Most of those closing down their accounts feared that the incoming government may mark the bank for victimisation and before something happens to their sweat, it would be safe for them to quickly move their money to other reliable banks that will protect their money.