Unity Bank appoints chairman, 2 non EDs

Unity Bank Plc has announced the appointments of an acting Chairman of its board, Hafiz Mohammed Bashir and two non-executive directors.

The two non-eds are Prof. Iyabo Obasanjo and Ms Halima Babangida. The appointments are subject to the approval of the Central Bank of Nigeria (CBN).

The bank in a statement to the Nigerian Exchange Limited (NGX), announced the retirement of the erstwhile chairman of the board, Mr Aminu Babangida, and Dr Oluwafunsho Obasanjo, a non-executive director.

“This follows the expiration of their tenure as directors on the board of the bank and in compliance with the prescribed tenure for non-executive directors under the Central Bank of Nigeria (CBN) Code of Corporate Governance for Banks.

• BREAKING: Kano govt declares dawn to dusk curfew as residents await election result
• Bandits kill chief’s wife after N2m ransom in Kaduna

“The board accepted their retirement and appreciates their excellent leadership roles, strategic insights, immense contributions to the growth of the bank and wishes them success in their future endeavours.”

“The board has also considered and approved the appointment of Mr. Hafiz Mohammed Bashir as the acting chairman of the board of directors.”

Mr. Bashir was the chair of the board finance and general purpose committee and he was appointed to the board of the bank in November 2017. He was a member of the board credit committee, board governance and nominations committee and board risk management and audit committee, among others.

Bashir holds a post graduate diploma from Abubakar Tafawa Balewa University, Bauchi and a Master’s degree in Business Administration from the Business School of Netherlands.

The two new Non-Eds replacing the outgone chairman and a non-ED are said to be related to the exited personnel of the bank.