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Infinity Trust Mortgage Bank Plc, a prominent financial institution based in Nigeria, has announced the appointment of new directors.
In a statement, Infinity Trust Mortgage Bank Plc informed the Nigeria Exchange Limited and the public, particularly the shareholders, about the approval of the appointment of the following directors by the Central Bank of Nigeria: Abubakar Muhammad (Non-Executive Director), Eniola Bibilari (Non-Executive Director), and James Odegwai Ahmed (Independent Director).
The appointment of these new directors comes following the retirement of Tunde Olaleke, Akin Arikawe, and Dada Ademokoya from their positions as directors of the bank, having completed their statutory tenure.
The statement highlighted that Infinity Trust Mortgage Bank is one of the leading primary mortgage banks in Nigeria. Since its inception, the bank has significantly increased its shareholders’ funds from less than N50 million in 2003 to over N7.1 billion. Additionally, the bank has maintained an unbroken record of consistency in dividend payment to shareholders for 17 consecutive years.
Furthermore, Infinity Trust Mortgage Bank has played a pivotal role in financing numerous modern estates in Abuja, Lagos, Nasarawa, and Ogun State. These developments have provided decent and affordable accommodation to over 10,000 Nigerian families, contributing to the growth and development of the housing sector in the country.
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