Union, Keystone, Polaris banks get new directors by CBN

By Hannah Nathan, Warri

Polaris, Union, and Keystone banks have approved the appointments of the new board of directors, with approval from the Central Bank of Nigeria, or CBN.

The appointment was made just hours after the apex bank dissolved the board of directors overseeing the deposit money banks.
The appointment is effective immediately, according to a statement released on Thursday morning by Sidi Hakama, the acting director of corporate communications at CBN.

The first female CEO of a Standard Chartered bank in Sierra Leone, Yetunde Oni, was named CEO of Union Bank by CBN in a statement.

The tier-2 bank nominated Mannir Ubali Ringim as its executive director.

Likewise, Chioma Mang was named Executive Director and Hassan Imam was named Chief Executive Officer of Keystone Bank.

Chris Ofikulu was named Executive Director of Polaris Bank by CBN, while Lawal Mudathir Omokayode Akintola was named Chief Executive Officer.

“After the Board and Management of Union Bank, Keystone Bank, and Polaris Bank dissolved on Wednesday, January 10, the CBN has appointed new executives to oversee the affairs of the banks,” the announcement from the CBN states.

“Union Bank: Yetunde Oni – Managing Director/Chief Executive Officer Mannir Ubali Ringim – Executive Director

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

“Polaris Bank: Lawal Mudathir Omokayode Akintola – Managing Director/ Chief Executive Officer Chris Onyeka Ofikulu – Executive Director

“The appointments take immediate effect.”