CBN appoints new executives for Union, Keystone, Polaris banks

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Polaris, Union, and Keystone banks have approved the appointments of new board of directors, with approval from the Central Bank of Nigeria, or CBN.

According to reports, the nomination was made just hours after the board of directors overseeing the deposit money banks was abolished by the top bank.

The appointment is effective immediately, according to a statement released on Thursday morning by Sidi Hakama, the acting director of corporate communications at CBN.

The first female CEO of a Standard Chartered bank in Sierra Leone, Yetunde Oni, was named CEO of Union Bank by CBN in a statement.

The tier-2 bank nominated Mannir Ubali Ringim as its executive director.

Likewise, Chioma Mang was named Executive Director and Hassan Imam was named Chief Executive Officer of Keystone Bank.

Chris Ofikulu was named Executive Director of Polaris Bank by CBN, while Lawal Mudathir Omokayode Akintola was named Chief Executive Officer.

“After the Board and Management of Union Bank, Keystone Bank, and Polaris Bank dissolved on Wednesday, January 10, the CBN has appointed new executives to oversee the affairs of the banks,” the announcement from the CBN states.

“Union Bank: Chief Executive Officer/Managing Director: Yetunde Oni Mannir Ubali Ringim, Director of Operations

Hassan Imam is the managing director and chief executive officer of Keystone Bank. Chioma A. Mang, Director of Operations

Lawal Mudathir Omokayode Akintola is the managing director and chief executive officer of Polaris Bank. Chris Onyeka Ofikulu, Director of Executive Affairs

“The appointments are effective immediately.”

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