Skye Bank Plc has announced the appointment of Mrs Amaka Onwughalu as the new acting Managing Director for Mainstreet Bank after it completed the acquisition of the nationalised bank.

A notice to the Nigerian Stock Exchange (NSE) in Lagos on Monday, contained the details which also indicated that Onwughalu would double as the Deputy Managing Director (DMD) to monitor the affairs of the bank.

Mrs Onwughalu, who has over 27 years of banking experience, was appointed to the Board of Skye Bank on November 30, 2008. The bank further stated that she climbed to the position of acting Managing Director of Reliance Bank in April 2005. She has also served with the International Funding Group, Treasury Group and other subsidiaries as DMD.

Mr. Dotun Adeniyi was also appointed into the interim management board as an Executive Director. Currently Skye Bank’s Risk officer, he is vastly experienced in commercial banking, retail banking, international trade finance, corporate banking and banking operations.

The members of the board are therefore expected to take over the affairs of the Bank over the next six months, following the resignation of Mainstreet Bank Directors.