By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Skye Bank Plc Wednesday said Kola Awodein has retired from its board with effect from February 18, 2014.

The bank in a notice to the Nigerian stock exchange (NSE) and made available to investAdvocate said Awodein served on the board of Skye Bank Plc for 12 years and his retirement is in compliance with the CBN code of conduct for Banks in Nigeria for a maximum full term of 12 years for directors.

He is a seniour advocate of Nigeria (SAN) and a notary public and was a pioneer non-executive director of the bank upon its consolidation in January 2006 and was the chairman of the board human resources committee, and member of the board of risk management, credit and governance and nominations committees upon his retirement.

Skye Bank said it assures that the retirement of Awodein will be cushioned by its robust board succession policy.