CBN Takes Strong Action On Keystone Bank
The Central Bank of Nigeria has reconstituted the board of directors for Keystone Bank, a move announced on Wednesday as part of its strategy to ensure the bank’s sustained growth.
According to a statement from Keystone Bank, Lady Ada Chukwudozie has been appointed as the new board chairman, joined by five non-executive directors: Abdul-Rahman Esene, Mrs. Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Senator Farouk Bello.
Additionally, the CBN has named two new executive directors: Ladi Oluwole and Abubakar Usman Bello.
Lady Ada Chukwudozie, a prominent figure in Nigeria’s corporate sector, brings nearly 30 years of experience in business strategy, management, and administration. Her expertise spans various industries, including De-Endy Industrial Company Limited, Dozzy Group, the Manufacturers Association of Nigeria, and Vogue Afrique Magazine.
Abdul-Rahman Esene, with over 43 years in banking, investment management, and corporate finance, has led major institutions such as Fidelity Bank, Afrinvest, and Global Arbitrage International Inc.
Mrs. Fola Akande has over 25 years of experience in legal, compliance, and risk management, with past roles at global brands like Cadbury, Stanbic Chartered Bank, and Shell.
Akintola Ayodeji Olusoji boasts a distinguished 30-year career in accounting, finance, and business development, having served at Sterling Bank, Access Bank, and Intercontinental Bank.
Obijiaku Samuel, with more than 35 years in banking and treasury operations, has had a significant impact on Nigeria’s financial sector through roles at Zenith Bank and Fidelity Bank.
Senator Farouk Bello, a seasoned banker with over 20 years of experience, has led initiatives in both the public and private sectors, including the National Assembly and Guaranty Trust Bank.
The new executive directors also bring valuable expertise. Ladi Oluwole, the new Executive Director of Risk Management, has over two decades of experience in credit and enterprise risk management, including previous roles at Bank of America. Abubakar Usman Bello, Executive Director for the Northern Directorate, has extensive experience managing corporate, retail, and public sector clients.
Keystone Bank’s Managing Director and CEO, Hassan Imam, expressed confidence in the new board members, stating that their extensive experience will be crucial for the bank’s continued repositioning and growth.
“We are pleased to welcome the new chairman, non-executive directors, and executive directors to the board of Keystone Bank. We are confident that their extensive experience will be invaluable as we continue to reposition the bank to seize emerging economic opportunities while maintaining strong corporate governance and providing our customers with a secure and reliable banking experience,” Imam said.
