Meet CBN-appointed new CEOs for Keystone, Polaris, Union banks

Olayemi Cardoso

The Central Bank of Nigeria (CBN) on Wednesday night appointed new leaders for three banks following the dissolution of their boards and managements.

Acting spokesperson of the CBN Sidi Hakama said in a statement that Yetunde Oni is the new managing director/chief executive officer of Union Bank while Mannir Ringim was appointed executive director.

Also named is Hassan Imam, who will take the helm as managing director and chief executive officer of Keystone Bank. Chioma Mang will serve as executive director of the bank.

A new leadership team was also announced for Polaris Bank, with Lawal Akintola appointed managing director/chief executive officer and Chris Ofikulu named executive director.

The appointments take immediate effect, the CBN statement said.

Oni was until her appointment the managing director/chief executive officer at Standard Chartered Bank, Sierra Leone, while Imam served as an executive director at Fidelity Bank.

Lawal was executive director at Sterling Bank and was until his new appointment the CEO at Lagos-based Intermediate Equity Partners Ltd.

Ringim was deputy general manager/ regional bank head, North West 1 at Fidelity Bank. Mang, however, served as managing director at the United Bank for Africa, Sierra Leone. Ofikulu was regional CEO of UBA West Africa.

The CBN had earlier on Wednesday dissolved the board and management of Union Bank, Keystone Bank and Polaris Bank due to what it described as their “non-compliance with the provisions of Section 12(c), (f), (g), (h) of Banks and Other Financial Institutions Act, 2020.”