Hours after the sack of the boards of three banks for running afoul of the law, the Central Bank of Nigeria, CBN, on Thursday announced the appointment of new executives for Union, Keystone, and Polaris banks.
CBN said the appointment of the new bank chiefs takes immediate effect. The CBN’s acting Director of Corporate Communications, Sidi Hakama, listed the names of the new appointees in a statement issued on Thursday morning.
He said; “Following the dissolution of the Board and Management of Union Bank, Keystone Bank and Polaris Bank on Wednesday, January 10, the CBN has appointed new executives to oversee the affairs of the banks:
“Union Bank: Yetunde Oni – Managing Director/Chief Executive Officer and Mannir Ubali Ringim – Executive Director.
“Keystone Bank: Hassan Imam – Managing Director/ Chief Executive Officer and Chioma A. Mang – Executive Director.
“Polaris Bank: Lawal Mudathir Omokayode Akintola – Managing Director/ Chief Executive Officer and Chris Onyeka Ofikulu – Executive Director.
“The appointments take immediate effect,” the statement added.
While explaining the reason for the sack of the former executives on Wednesday, the apex bank cited “regulatory non-compliance, corporate governance failure, disregarding the conditions under which their licenses were granted, and involvement in activities that pose a threat to financial stability, among others.”
Recall that a Special Investigator, Jim Obazee was appointed by President Bola Tinubu in July 2023, to probe the activities of the CBN and other relevant establishments.
The Obazee report had accused the immediate past Governor of the apex bank, Godwin Emefiele, of fraudulently acquiring banks for himself through proxies.
