The Central Bank of Nigeria has
appointed new executive directors to oversee the affairs of Polaris, Union, and
Keystone bank. This appointment was made a few hours after dissolving the board of directors governing
the deposit money banks.
The apex
bank, in a statement signed by the acting Director of Corporate Communications,
Sidi Hakama, released on Thursday morning, said the appointment takes immediate
effect.
The CBN statement
read, “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 statement added.
The CBN on
Wednesday night, sacked the entire board of four banks for grievous
infringements of financial laws.
This action followed the
recommendation of the Special Investigator, Jim Obazee, appointed by President
Bola Tinubu in July 2023, to probe the activities of the CBN and other relevant
establishments.
The report of the special
investigation into the activities of the CBN had accused the immediate past
Governor of the apex bank, Godwin Emefiele, of acquiring banks for himself
through proxies.
The report
stated that Emefiele used proxies to acquire Union Bank of Nigeria for Titan
Trust Bank Limited and Keystone Bank without any evidence of payment.