Barely few hours after the board of directors governing Polaris, Union, and Keystone banks were sacked, the Central Bank of Nigeria(CBN) has swiftly appointed new executive directors to oversee the affairs of the affected deposit money banks.
The CBN, in a statement signed by the acting Director of Corporate Communications, Sidi Hakama, released early on Thursday, said the appointment takes immediate effect.
According to the statement, Yetunde Oni, the first female CEO of the Standard Chartered bank in Sierra Leone, was appointed as the Chief Executive Officer of Union Bank, while Mannir Ubali Ringim was selected as the Executive Director of the tier-2 bank.
For Keystone Bank, Hassan Imam was appointed as its Chief Executive Officer, while Chioma Mang got the position of Executive Director.
Also, the bank appointed Lawal Mudathir Omokayode Akintola as the Chief Executive Officer of Polaris Bank and Chris Ofikulu as its Executive Director.
The CBN stated, “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 Mannir Ubali Ringim – Executive Director
“Keystone Bank: Hassan Imam – Managing Director/ Chief Executive Officer Chioma A. Mang – Executive Director
“Polaris Bank: Lawal Mudathir Omokayode Akintola – Managing Director/ Chief Executive Officer Chris Onyeka Ofikulu – Executive Director
“The appointments take immediate effect.”
The Daily Crucible had earlier reported that on Wednesday night, the Federal Government (FG) took some steps to take over four banks – Union, Polaris, Titan Trust and Keystone, through the apex bank in line with the recommendations of Jim Obazee – led Special Investigation Team’s Report which indicted the affected money deposit banks.
