The Central Bank of Nigeria, CBN, has appointed new executives for Keystone, Polaris and Union Banks, following dissolution of the board and management of the banks on Wednesday.
CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali said Yetunde Oni is the new Managing Director/Chief Executive Officer of Union Bank while Mannir Ringim is the new Executive Director of the bank.
Keystone Bank has Hassan Imam as the new Managing Director/ CEO, while Chioma Mang is the new Executive Director.
READ ALSO: CBN sacks boards of four banks
Lawal Akintola is appointed as Managing Director/ CEO of Polaris Bank, and Chris Ofikulu is Executive Director.
“The appointments take immediate effect,” Sidi-Ali said.
Credible News reports that the decision to dissolve the board and management of the three banks and appoint new ones comes after the special investigator panel probing the CBN turned in its report
The report had accused the former CBN governor, Godwin Emefiele of using two Dubai-based companies, Luxis International and Magna International, to set up Titan Trust Bank,TTB, as proxies for the acquisition of Union Bank.
The panel, led by Jim Obazee, on December 24, 2023, summoned Babatunde Lemo, chairman of TTB, over the institution’s acquisition of Union Bank.
It also also alleged impropriety in the transactions behind the acquisition of Keystone Bank.
Crediblenews.ng
