SFS Group

sfs financial services group (“sfs group”) currently consists of two companies, called sfs financial services limited (“sfs financial“) and sfs capital nigeria limited (“sfs capital”). sfs financial is licensed by the securities & exchange commission (“sec”) as an issuing house, while sfs capital is licensed as a fund/portfolio manager. the sfs group is a product of a management buy-out of skye financial services limited, which operated as the investment banking and investment management subsidiary of skye bank plc. the change began as a result of the mandate by the central bank of nigeria’s (“cbn”) instructing all nigerian banks to sell off their non-banking subsidiaries. skye bank plc offered its 100% stake in skye financial services limited to interested investors. after a thorough and transparent process, the divestment eventually cumulated in the sale of skye financial services limited to an entity formed by its existing management. coincidentally during the divestment of skye f