The Central Bank of Nigeria, CBN has appointed new executive directors to oversee the affairs of some deposit money banks.
This is coming a few hours after dissolving the board of directors governing Polaris, Union, and Keystone banks.
The CBN in a statement signed by the acting Director of Corporate Communications, Sidi Hakama, released on Thursday morning, said the appointment takes immediate effect.
According to the statement, Yetunde Oni, the first female CEO of the Standard Chartered Bank in Sierra Leone, was appointed as the Chief Executive Officer of Union Bank. At the same time, Mannir Ubali Ringim was selected as the Executive Director of the tier-2 bank.
For Keystone Bank, Hassan Imam was appointed as its Chief Executive Officer, while Chioma Mang became Executive Director.
Also, the bank appointed Lawal Mudathir Omokayode Akintola as the Chief Executive Officer of Polaris Bank and Chris Ofikulu as its Executive Director.
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.
On Wednesday night, the apex bank sacked the entire board of four banks for grievous infringements of financial laws.
It said the banks’ infractions vary from regulatory non-compliance, corporate governance failure, disregarding the conditions under which their licenses were granted, and involvement in activities that threaten financial stability.