The Central Bank of Nigeria (CBN) has announced the appointment of new executive officers for Union, Keystone and Polaris banks following the dissolution of the board of the financial firms.
In a statement on Wednesday, signed by Sidi-Ali Hakama, CBN’s acting director of corporate communication, the newly appointed executives for Union Bank are Yetunde Oni, managing director (MD) and chief executive officer (CEO) and Mannir Ubali Ringim, executive director (ED).
The CBN said Hassan Imam and Chioma A. Many will lead the affairs of Keystone Bank as CEO and ED, respectively.
The apex bank also named Lawal Mudathir Omokayode Akintola and Chris Onyeka Ofikulu as the CEO and ED of Polaris Bank respectively.
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According to the regulator, the new executive officers will now oversee the affairs of the banks with immediate effect.
On January 10, 2023, the CBN dissolved the boards of the three banks with immediate effect, citing some infractions ranging from regulatory non-compliance, corporate governance failure, disregarding the conditions under which their licenses were granted, involvement in activities that pose a threat to financial stability, among others.
Source: TheCable
