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Nigeria: Keystone Bank Announces New Board Appointments

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Keystone Bank Announces New Board Appointments
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The Central Bank of Nigeria (CBN) has reconstituted the board of directors at Keystone Bank Limited as part of a strategic effort to enhance the bank’s operational strength and drive sustained business growth.

In a statement released on Wednesday, Keystone Bank announced the appointment of Lady Ada Chukwudozie as the new board chairperson, along with five other non-executive directors. The newly appointed non-executive directors include Abdul-Rahman Esene, Mrs. Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Sen. Farouk Bello.

Additionally, the CBN has appointed two new executive directors to further support the bank’s leadership: Ladi Oluwole and Abubakar Usman Bello.

Lady Ada Chukwudozie, Keystone Bank’s new chairperson, is a prominent figure in Nigeria’s corporate landscape with nearly three decades of experience in business strategy, management, and administration. Her diverse expertise spans industries such as manufacturing and media, where she has served in key roles at De-Endy Industrial Company Limited, Dozzy Group, the Manufacturers Association of Nigeria (MAN), and Vogue Afrique Magazine.

Abdul-Rahman Esene brings over 43 years of experience in banking, investment management, and corporate finance, having held prominent roles at institutions like Afrinvest, Fidelity Bank PLC, and Global Arbitrage International Inc. His vast expertise has contributed to the growth of Nigeria’s financial sector and beyond.

Mrs. Fola Akande comes with over 25 years of experience in legal, regulatory compliance, risk management, and corporate governance. Her career has spanned local and international organizations, including Cadbury, Stanbic Chartered Bank, and Shell, where she played pivotal roles in navigating complex regulatory environments.

Akintola Ayodeji Olusoji has over 30 years of experience in accounting, finance, and business development. He has had a distinguished career at financial institutions such as Sterling Bank, Access Bank, and Intercontinental Bank, where he specialized in risk asset creation and performance monitoring.

Obijiaku Samuel, with more than 35 years of experience in financial consulting and banking, has been a key player in the financial sector, having held leadership positions at institutions like Fidelity Bank PLC, Zenith Bank PLC, and PricewaterhouseCoopers.

Sen. Farouk Bello is an accomplished banker with over 20 years of experience in the financial and banking sectors. His leadership spans both the public and private sectors, including positions at the National Assembly and Guaranty Trust Bank (now GTCO).

The two new executive directors bring significant expertise to the bank. Abubakar Usman Bello, Executive Director for the Northern Directorate, has an extensive background in banking and management, covering commercial, retail, and corporate banking, as well as public sector clients. Ladi Oluwole, Executive Director for Risk Management, brings over 20 years of expertise in enterprise and credit risk management. He previously served as Senior Vice President at Bank of America, where he managed a substantial credit portfolio in the corporate and investment banking sectors.

Keystone Bank’s Managing Director and Chief Executive Officer, Mr. Hassan Imam, expressed confidence in the new board appointments. He highlighted that the bank stands to gain significantly from the wealth of experience the new appointees bring to the table.

“We are pleased to welcome the new chairperson, non-executive directors, and executive directors to the board of Keystone Bank. Their extensive experience will be invaluable as we continue to reposition the bank to seize emerging economic opportunities, strengthen our corporate governance, and deliver a secure and reliable banking experience to our customers,” Mr. Imam stated.

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