Lagos, Sept. 18, 2024 – The Central Bank of Nigeria (CBN) has appointed a new chairman and board of directors for Keystone Bank.
This was confirmed the development in a statement by Keystone Bank on Wednesday.
It said the CBN had appointed a new board chairman, five non-executive directors and two new executive directors.
The CBN, had in January, dissolved the board and management of Union Bank, Keystone Bank and Polaris Bank.
The apex bank, announced the appointment through a statement signed by its Acting Director of Corporate Communications, Sidi Ali Hakama.
It said the move became necessary due to the non-compliance of these banks and their respective boards with the provisions of Section 12(c), (f), (g), (h) of Banks and Other Financial Institutions Act, 2020.
According to the statement, Lady Ada Chukwudozie has been appointed as the new board chairman.
The apex bank also announced two new Executive Directors, Ladi Oluwole and Abubakar Usman Bello.
The other five Non-Executive Directors are Abdul-Rahman Esene, Mrs. Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel and Senator Farouk Bello.
Lady Ada Chukwudozie brings nearly three decades of experience in business strategy, management, and administration.
Her expertise cuts across industries like De-Endy Industrial Company Limited, Dozzy Group, the Manufacturers Association of Nigeria, and Vogue Afrique Magazine.
Abdul-Rahman Esene, with over 43 years of experience in banking, investment management, and corporate finance, has held leadership roles in major institutions such as Fidelity Bank, Afrinvest, and Global Arbitrage International Inc.
Mrs Fola Akande has over 25 years of experience in legal, compliance, and risk management. She has worked with Cadbury, Stanbic Chartered Bank, and Shell.
Akintola Ayodeji Olusoji has 30-year career in accounting, finance, and business development and has worked in Sterling Bank, Access Bank, and Intercontinental Bank.
Obijiaku Samuel, with more than 35 years of experience in banking and treasury operations, has left a significant mark on Nigeria’s financial sector, previously working with Zenith Bank and Fidelity Bank.
Senator Farouk Bello, a seasoned banker with over 20 years of experience, has led initiatives across both the public and private sectors, including the National Assembly and Guaranty Trust Bank.
Meanwhile, the two new executive directors bring their vast expertise to the table.
Ladi Oluwole, the new Executive Director of Risk Management, comes with over two decades of experience in credit and enterprise risk management, including previous roles at Bank of America.
Abubakar Usman Bello, Executive Director for the Northern Directorate, has extensive experience managing corporate, retail, and public sector clients.
Speaking on the appointments, Hassan Imam, Keystone Bank’s Managing Director, expressed confidence in the new board members, stating that their wealth of experience would play a crucial role in the bank’s continued repositioning and growth.
“We are pleased to welcome the new chairman, non-executive directors, and executive directors to the board of Keystone Bank.
“ We are confident that their extensive experience will be invaluable as we continue to reposition the bank to seize emerging economic opportunities while maintaining strong corporate governance and providing our customers with a secure and reliable banking experience,” Imam said.
