A major shareholder in Jaiz Bank and one of its Non-Executive Directors, Alhaji Muhammadu Indimi, has said that he will spend any amount of money to keep the bank flourishing.
Indimi, who is the Chairman of Oriental Energy Resources Limited, said this shortly after the foundation laying ceremony of Jaiz Bank’s new branch office which coincided with the celebration of his 77th birthday anniversary in Maiduguri, Borno State.
He said, “I am trying to see that I leave good legacies for my people, and one of the legacies is the growth of this bank. We travelled all over the world to understand the operations of the non-interest module before the bank was birthed, and I am ready to spend anything to see the bank prospers.”
Also speaking, Jaiz Bank’s Board Chairman, Alhaji Mohammed Mustapha Bintube, said the bank’s performance had improved tremendously following the recruitment of a new MD/CEO and executive directors.
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Bintube said, “In terms of our contribution to the economy, our bank’s statement, which we have made available to the public, is to see that we have invested in top sectors like agriculture, manufacturing and general commerce.”
Meanwhile, the MD/CEO of Jaiz Bank, Haruna Musa, said, “The banks’ presence will be beneficial to the people of Borno because we are going to support the communities immensely. Any business person can walk into any of our branches and pick an account opening form. Our operation is based on a profit-and-loss sharing formula, which is an Islamic banking principle that allows parties in business to win together and lose together.”
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