The Central Bank of Nigeria, CBN, has appointed new executives for Keystone, Polaris, and Union Banks following the dissolution of the board and management of the banks on Wednesday.
This is contained in a statement issued by CBN’s acting director, Corporate Communications Department, Hakama Sidi-Ali, in Abuja.
Grow your business with us
According to Ms. Sidi-Ali, Yetunde Oni is the new managing director and CEO of Union Bank, while Mannir Ringim is the new executive director of the bank.
She said for Keystone Bank, Hassan Imam had been appointed as the new managing director and CEO, while Chioma Mang was the new executive director.
She said Lawal Akintola was also appointed as managing director and CEO of Polaris Bank, and Chris Ofikulu is executive director.
“The appointments take immediate effect,” Ms. Sidi-Ali said.
The News Agency of Nigeria reports that the decision to dissolve the board and management of the three banks and appoint new ones comes after the special investigator panel probing the CBN turned in its report.
The report accused the former CBN governor, Godwin Emefiele, of using two Dubai-based companies, Luxis International and Magna International, to set up Titan Trust Bank (TTB) as proxies for the acquisition of Union Bank.
The panel, led by Jim Obazee, on December 24, 2023, summoned Babatunde Lemo, chairman of TTB, over the institution’s acquisition of Union Bank.
It also alleged impropriety in the transactions behind the acquisition of Keystone Bank.
NAN
About The Author