The Directors who had served in Executive Management capacity for nearly two years had been part of the new Board of the bank which came into being following the July 4, 2016 intervention of the Central Bank of Nigeria (CBN) and subsequent re-constitution of its Board.
The Directors who resigned are Idris Yakubu, Markie Idowu, Abimbola Izu and Bayo Sanni.
In order to ensure a smooth leadership progression and service delivery to its customers, the following senior officers, all General Managers were re-assigned to oversee the affected directorates: Segun Opeke will oversee the Lagos Commercial Directorate, comprising Corporate, Commercial and Retail; Ayo Abina will supervise the South directorate while Femi Aribaloye will oversee the Risk Management Directorate accordingly. The new appointments takes immediate effect.
The Group Managing Director of the Bank Tokunbo Abiru thanked the Executive Directors for their service to the bank, noting that they had contributed immensely to the successful leadership transition which commenced last year.
One of the Executive Directors who spoke under anonymity noted that “having put in some time in the bank, resignation from service is not new in the industry. New structures will always create new opportunities and challenges, I think this is the right time to step aside for others to also contribute to the growth of the Bank.”