THE Central Bank of Nigeria (CBN) has appointed Ada Chukwudozie as the chairperson to the board of Keystone Bank and five other non-executive directors.
This was revealed in a statement by the bank on Wednesday, September 18.
It stated that Chukwudozie was appointed along with five non-executive directors: Abdul-Rahman Esene, Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Senator Farouk Bello.
Teh CBN also appointed two new executive directors, Ladi Oluwole and Abubakar Usman Bello, the statement added.
“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,” the managing director and chief executive officer (CEO), Hassan Imam, commented.
Chukwudozie will bring about 30 years of experience and expertise extending across various industries and institutions to the board.
She will join about 11th female executives heading top positions in the Nigerian banks.
In January, The ICIR reported that CBN dissolved the board and management of Keystone Bank along with two other banks for various infractions.
The infractions included regulatory non-compliance, corporate governance failure, and involvement in activities threatening financial stability.
According to CBN, the action became necessary due to the non-compliance of the bank and its respective board with the provisions of Section 12(c), (f), (g), (h) of the Banks and Other Financial Institutions Act, 2020.
It was necessary to assure the public of the safety and security of depositors’ funds, and in fulfilling its mandate to uphold a safe, sound, and robust financial system in Nigeria.
Following the dissolution of Keystone Bank’s board, the apex bank subsequently appointed new executives to take leadership positions.
Hassan Imam, the CEO and managing director of Keystone Bank, was among the other directors appointed then by the CBN.