Directors who had served in Executive Management capacity for nearly
two years had been part of the new Board of the bank which came into
being following the July 4,
2016 intervention of the Central Bank of Nigeria (CBN) and subsequent
re-constitution of its Board.
order to ensure a smooth leadership progression and service delivery to
its customers, the following senior officers, all General Managers have
been re-assigned to oversee
the affected directorates: Mr. Segun Opeke will oversee the Lagos
Commercial Directorate, comprising Corporate, Commercial and Retail, Mr.
Ayo Abina will supervise the South directorate while Mr. Femi Aribaloye
will oversee the Risk Management Directorate
accordingly. The new appointments takes immediate effect.
Group Managing Director of the Bank Mr. Tokunbo Abiru thanked the
Executive Directors for their service to the bank, noting that they had
contributed immensely to the
successful leadership transition which commenced last year.
of the Executive Directors who spoke under anonymity noted that “having
put in some time in the bank, resignation from service is not new in
the industry. New structures
will always create new opportunities and challenges, I think this is
the right time to step aside for others to also contribute to the growth
of the Bank.”
Bank has also announced that the new development does not in any way
affect the smooth running of her operations as the Bank continues to
deliver banking and other ancillary
financial services to its customers across the country.
Bank is one of the eight banks described by the regulatory CBN as a
Systematically Important Bank (SIB) on account of its size, market share
and financial interconnectedness
in Nigeria and the West Africa sub-region.