My lawsuit taught me valuable life lessons, says ex-Skye Bank MD
After a two-year struggle with the country’s anti-corruption agency, a former chief executive of Skye Bank (now Polaris), Mr. Timothy Oguntayo, has finally been exonerated by the Economic and Financial Crimes Commission (EFCC) , who finally withdrew the charges against him after reviewing his investigations.
Recall that the EFCC in 2019 charged Oguntayo alongside other Skye Bank chiefs with money laundering and breach of trust.
The case remained in the Federal High Court in Abuja until 2021 when it was finally struck out after the EFCC withdrew the case.
The experience, however, Oguntayo noted, left him with a different outlook on life, especially when it came to managing relationships.
“I will give God all the glory first,” he sighed heavily as he spoke.
“It was a process that taught me life lessons I couldn’t have learned otherwise. There was so much I didn’t understand about the people I understood during this time. Second, I have to thank the professionalism of the men and women of the government agency involved, especially when the current president came in. They could see clearly that any action taken during his tenure was not for personal gain.
“There were things that should have been done better, though. Nevertheless, the parties involved were thorough and professional and were able to put things into perspective. They finally came to the logical conclusion that there was no point in dragging the matter any further,” he said.
He also explained that, despite his legal challenges, he was still determined to play his part in the development of Nigerian society.
“I am always proud that Nigerians are innovating in different spheres of life. The resilience, genius, creativity and tenacity of Nigerians are unimaginable and inspiring.
“Despite my challenges, I have remained committed to making meaningful contributions to the growth of multiple businesses. I also made sure to give back to my community no matter what. I believe that financial wealth is not the only tool to use to give back to the community; I believe that one can achieve significant accomplishments by using one’s time, resources and talent.
“I wanted to reflect on my beliefs, so there was no way I was going to give in. Court case or not, I needed to play my role as a development actor, using my perseverance, hard work and my talent. Today, I am proud to have reached these milestones,” he added.
With over 35 years of experience in banking and finance, Oguntayo has cut his teeth in the professional financial advisory scene. Since setting up his company DLK Investment and Financial Advisory in 2016, he has helped a myriad of companies grow and some are in the process of listing on the Nigerian Stock Exchange (NSE).
Drawing on his decades of experience as a bank executive, Oguntayo is a highly respected expert in the African corporate sector. Some of the major highlights of his career include the first-ever closed-end Real Estate Investment Trust (REIT) to list on the Nigerian Stock Exchange (Skye Shelter Fund). It was then launched in the Nigerian capital market.
He was also awarded a Laurel of Excellence for his role as a community ambassador in his community by the Ministry of Community Development and Cooperatives, as well as the local government council authorities of Odeda in his home state of Ogun towards 2014.