CBN had earlier sacked the entire Board of Directors of the three banks with immediate effect
By Kehinde Okeowo
The Central Bank of Nigeria (CBN) has disclosed that it has approved the appointments of new board of directors for Polaris, Union, and Keystone banks..
TheNiche had earlier reported that the apex bank sacked the entire Board of Directors of the three deposit money banks on Wednesday with immediate effect.
The decision was taken after a meeting led by the CBN governor, Yemi Cardoso in Abuja.
A statement by acting director of communications at the apex bank, Sidi Ali, noted that the sack was necessitated because the affected banks posed a threat to Nigeria’s financial stability.
The terse statement also accused the banks of breaches in corporate governance and involvement in activities against their licences.
ALSO READ: CBN confirms sack of boards of Union, Keystone, Polaris banks
However, in a new statement issued on Thursday morning by the acting Director of Corporate Communications, Sidi Hakama, CBN named “new executives to oversee the affairs of the banks” and added that the appointments take immediate effect.
Hakama in the statement said Yetunde Oni, the first female CEO of the Standard Chartered bank in Sierra Leone, was approved as the Chief Executive Officer of Union Bank, while Mannir Ubali Ringim was named as the Executive Director of the tier-2 bank.
Similarly, Hassan Imam was selected as the Chief Executive Officer of Keystone Bank, while Chioma Mang got the position of Executive Director.
For Polaris Bank, CBN appointed Lawal Mudathir Omokayode Akintola as the Chief Executive Officer and Chris Ofikulu as its Executive Director.
The CBN statement reads: “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.”