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Thursday, June 13, 2024

Nigeria: CBN Appoints New Administration Groups for Keystone, Polaris and Union Banks

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The CBN had earlier on Wednesday dissolved the board and administration of Union Financial institution, Keystone Financial institution and Polaris Financial institution as a result of their non-compliance with BOFIA 2020.

The Central Financial institution of Nigeria (CBN) has appointed new leaders for 3 Nigerian banks whose boards and managements have been dissolved on Wednesday.

In a press release late Wednesday, Hakama Sidi Alli, the appearing director of company communications on the CBN, named Yetunde Oni as the brand new managing director/chief govt officer of Union Financial institution and Mannir Ubale Ringim as govt director.

Additionally named is Hassan Imam, who will take the helm as managing director and chief govt officer of Keystone Financial institution. Chioma A. Mang will function govt director of the financial institution.

A brand new management crew was additionally introduced for Polaris Financial institution, with Lawal Mudathir Omokayode Akintola appointed managing director/chief govt officer and Chris Onyeka Ofikulu named govt director.

The appointments take instant impact, the CBN assertion mentioned.

The central financial institution didn’t present biographies of the brand new appointees. Nonetheless, a fast net search by PREMIUM TIMES exhibits that Yetunde Oni (Union Financial institution) was till her appointment the managing director/chief govt officer at Normal Chartered Financial institution, Sierra Leone, whereas Hassan Imam (Keystone Financial institution) served as an govt director at Constancy Financial institution.

Omokayode Mudathir Akintola Lawal, the brand new man answerable for Polaris Financial institution, was govt director at Sterling Financial institution and was till his new appointment the CEO at Lagos-based Intermediate Fairness Companions Ltd.