The Central Bank of Nigeria (CBN) has approved new managements and board of the three new banks established last week in the wake of the acquisition of three others by the Asset Management Corporation of Nigeria (AMCON).
AMCON had recently announced the acquisition of the former bridge banks, Keystone Bank Limited, Mainstreet Bank Limited and Enterprise Bank Limited from the Nigeria Deposit Insurance Corporation (NDIC).
Following the apex bank's approval for the deal, AMCON said Jacobs Moyo Ajekigbe has been named as Chairman of the board of Keystone Bank Limited, which also has Oti Ikomi as Managing Director; Shehu Abubakar, Director and Demola Adewale, Yvonne Isichei, Shehu K. Mohammed, Raphael Ereyi, ask Executive Directors.
The corporation also announced Falalu Bello as Chairman, Mainstreet Bank Limited, with Faith Tuedor-Matthews as Managing Director.
Kola Ayeye, Abubakar Sadiq Bello, Bolaji Shenjobi, Anogwi Anyanwu and Roger Woodbridge were named Executive Directors.
For Enterprise Bank Limited, Emeka Onwuka was named Chairman; Ahmed Kuru Managing, Director, while Louisa Olalokun, Nneka Onyeali-Ikpe, Aminu Ismail Niyi Adebayo and Audu Kazir were named Executive Directors.
The newly appointed boards are expected to take up the mandate to manage these banks in strict compliance with best commercial practice to compete effectively in the Nigerian banking sector as well as provide quality services to customers.
The corporation also announced Falalu Bello as Chairman, Mainstreet Bank Limited, with Faith Tuedor-Matthews as Managing Director.
Kola Ayeye, Abubakar Sadiq Bello, Bolaji Shenjobi, Anogwi Anyanwu and Roger Woodbridge were named Executive Directors.
For Enterprise Bank Limited, Emeka Onwuka was named Chairman; Ahmed Kuru Managing, Director, while Louisa Olalokun, Nneka Onyeali-Ikpe, Aminu Ismail Niyi Adebayo and Audu Kazir were named Executive Directors.
The newly appointed boards are expected to take up the mandate to manage these banks in strict compliance with best commercial practice to compete effectively in the Nigerian banking sector as well as provide quality services to customers.
AMCON reassured depositors of the safety of the deposits, while employees would continue seamless business operations and job functions that would guarantee growth and development of the financial sector.
Meanwhile, AMCON yesterday announced plans to inject N679 billion into the three banks this week to reassure shareholders and the public that it is fully capitalized, strengthened and well positioned for future growth.
This injection of fresh capital is in addition to the interbank guarantee granted the three banks by the CBN as it did to the banks that recently signed Transaction Implementation Agreements (TIAs) until December 31 2011.
Meanwhile, AMCON yesterday announced plans to inject N679 billion into the three banks this week to reassure shareholders and the public that it is fully capitalized, strengthened and well positioned for future growth.
This injection of fresh capital is in addition to the interbank guarantee granted the three banks by the CBN as it did to the banks that recently signed Transaction Implementation Agreements (TIAs) until December 31 2011.
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