Home Business CBN Appoints New Executives for Union, Keystone and Polaris Banks 

CBN Appoints New Executives for Union, Keystone and Polaris Banks 

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The Central Bank of Nigeria (CBN) has appointed new executives for three banks – Union Bank, Polaris Bank and Keystone Bank.
This follows the dissolution of the board and management of the three banks as well as the Titan Trust Bank on Wednesday by the apex regulator.

ARMADANEWS reported earlier that the decision to lay off the bank chiefs was sequel to the outcome and recommendation of Jim Obazee, the special investigator appointed by President Bola Tinubu to scrutinise the activities of former CBN Governor Godwin Emefiele, and the respective boards and managements of the affected banks.

The appointed new executives for the three banks are:

Union Bank : Yetunde Oni – Managing Director/Chief Executive Officer and Mannir Ubali Ringim as the Executive Director.

Keystone Bank: Hassan Imam – Managing Director/Chief Executive Officer and Chioma A. Mang as the Executive Director.

Polaris Bank: Lawal Mudathir Omokayode Akintola – Managing Director/ Chief Executive Officer and Chris Onyeka Ofikulu as the new Executive Director.

Announcing the new management team in a statement late Wednesday, the CBN assured the public of the safety and security of depositors’ funds and pledged to remain resolute in fulfilling its mandate to uphold a safe, sound, and robust financial system in Nigeria.

The apex bank also reaffirmed that “our banking system remains strong and resilient.”

Below are the full statement:

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