The Central Bank of Nigeria (CBN) has restructured the board of Keystone Bank Limited to enhance the bank’s operations and ensure sustained business growth.
In a statement released on Wednesday, the bank announced the appointment of Lady Ada Chukwudozie as the new board chairman, along with five non-executive directors and two new executive directors.
The newly appointed non-executive directors include Abdul-Rahman Esene, Mrs. Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Senator Farouk Bello. Additionally, Ladi Oluwole and Abubakar Usman Bello were appointed as executive directors by the CBN.
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Lady Ada Chukwudozie, the new board chairman, is a seasoned leader in Nigeria’s corporate sector with nearly three decades of experience in business strategy and management across diverse industries, including De-Endy Industrial Company Limited, Dozzy Group, and the Manufacturers Association of Nigeria (MAN).
The new board members bring a wealth of experience to Keystone Bank, with backgrounds spanning banking, finance, risk management, legal compliance, and corporate governance. Abdul-Rahman Esene, for example, has over 43 years of experience in banking and investment management, while Mrs. Fola Akande has extensive legal and regulatory expertise.
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Ladi Oluwole, one of the new executive directors, brings over 20 years of expertise in enterprise and credit risk management, having previously worked at Bank of America. Abubakar Usman Bello, the executive director for the Northern Directorate, has a strong track record in managing commercial and corporate banking clients.
Keystone Bank’s Managing Director and CEO, Hassan Imam, expressed confidence in the new board, emphasizing the positive impact their collective experience will have on the bank’s future. He noted, “We are confident that their extensive experience will help Keystone Bank capitalize on emerging economic opportunities while maintaining strong corporate governance and delivering secure banking services.”
Keystone Bank, known for its technology-driven services, aims to strengthen its position in the Nigerian financial market with the newly appointed leadership team.