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Union Bank, AfriBank gets new Directors

The Central Bank of Nigeria (CBN), has appointed four new executive directors each for Union Bank of Nigeria Plc and Afribank Nigeria Plc.

The new executives for Union Bank are Mr. Adekunle M. Adeosun, Ibrahim Abubakar Kwargana, Philip Ikeazor and Ade Shonubi.

Mr. Adeosun, will be responsible for Commercial and Retail Banking (South) and Consumer Banking.

He is a graduate of Business Administration from Bernard M Baruch College City University of New York and an MBA from Pace University. Lubin Graduate School of Business, New York.

Abubakar Kwargana, will be supervising Commercial and Retail Banking (North) and Public Sector Business. Kwargana has 21 years experience in banking. He has a BSc in Political Science from Bayero University, Kano and an MSc in Corporate Governance from Leeds Metropolitan University.

Philip Ikeazor is to supervise Corporate Banking, International Banking, Investment Banking as well as Treasury. He has a BSc in Accounting and Financial Management from the University of Buckingham England . Ikeazor is also a Fellow of the Institute of Chartered Accountants of Nigeria as well as a Fellow of the Chartered Institute of Taxation of Nigeria.

Ade Shonubi, with over 19 years of banking experience, would take charge of Operations, Technology and Services. He has a BSc in Mechanical Engineering from the University of Lagos, as well as an MSc in Engineering and an MBA from the same institution.

The incoming executives for Afribank are: Mr. Stephen Adaji, who’ll be in charge of Operations & Information Technology, Human Capital Management and Corporate Support. Adaji is a Fellow of the Association of Chartered Certified Accountants (ACCA) U.K, as well as that of the Institute of Chartered Accountants of Nigeria (ICAN). Joke Giwa. She will oversee Retail, Commercial and Corporate Banking. Giwa has a Masters Degree in Business Administration (MBA) from the prestigious Cranfield University (UK) which she attended as award winner from the British Council Chevenning Scholarship.

The others are Mr. Nnamdi Christopher Anammah, Institutional Banking and Mr. Isaac Kamaru Alofoje, who is to be saddled with Risk Management, Strategy, Remedial & Control. Anammah, was until his appointment the President/CEO of Prudential Trust Company Limited, while Alofoje was until his appointment, Deputy Managing Director, Financial Derivatives Company Limited, a leading investment, economic research, and financial advisory firm

The new executive directors and the chief executive will implement the strategies already mapped out to reposition the Bank.

The bank, said in a statement by its Manager, Corporate Affairs, Mr. Moshood Isamotu, that the new Executive Directors, who are tested technocrats, would bring to bear their diverse experiences in banking, management and finance to the bank’s expansion and industry leadership quest.

The Group Managing Director/CEO of Afribank, Mr. Nebolisa Arah, explained that with the appointment of the Executive Directors, the implementation of the broad strategy of Afribank, which focuses on stability, confidence restoration and improved performance, would be speedily implementation.

Source: The Nation