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Shortly after the dissolution of the boards and managements of Union, Keystone, and Polaris Banks, the Central Bank of Nigeria (CBN) has swiftly appointed new executives to oversee the operations of these banks. The CBN took this decisive step to ensure the stability and continuity of the affected institutions during the restructuring process.
The newly appointed executives will assume their roles with immediate effect. In an early morning statement, CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, unveiled the new leadership for each bank:
Union Bank:
- Managing Director/Chief Executive Officer: Yetunde Oni
- Executive Director: Mannir Ubali Ringim
Keystone Bank:
- Managing Director/Chief Executive Officer: Hassa Imam
- Executive Director: Chioma A. Many
Polaris Bank:
- Managing Director/Chief Executive Officer: Lawal Mudathir Omokayode Akintola
- Executive Director: Chris Onyeka Ofikulu
The statement underlined that these appointments are effective immediately, emphasizing the CBN’s commitment to swift action and minimizing disruptions. Mrs. Sidi-Ali emphasized, “This move to reinstate leadership in the affected banks demonstrates the CBN’s prioritization of maintaining confidence and stability in the financial system.”
This proactive approach by the CBN aims to ensure a smooth transition and sustained functionality of the banks in the wake of the recent changes.
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