Keystone Bank Appoints New MD
Hafiz Bakare has been appointed the Acting Managing Director/Chief Executive Officer of Keystone Bank Limited, the bank announced on Wednesday.
The bank in a statement by the Head, Corporate Communications, Omobolanle Osotule, noted that the the new board was a transitional governance arrangement which will take effect from April 1, 2017, subject to approval by the Central Bank of Nigeria (CBN).
The management of the bank also appointed Alhaji Umaru H. Modibbo as the it’s Board Chairman. Others are Mrs. Yvonne Isichei – Executive Director; Mrs. Titilayo Tairat Adebiyi – Non-Executive Director and Bulus Bunken Dan-Habu – Non-Executive Director.
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The new appointment comes in less than a week after the bank was handed over to new investors by the Asset Management Corporation of Nigeria, AMCON.
The statement reads: “The successful conclusion of the divestment of Keystone Bank Limited by the Asset Management Corporation of Nigeria (AMCON), which culminated in the Completion Meeting of 23 March 2017 and the formal handover of the bank to the Sigma Golf-Riverbank Consortium (the Consortium).
“The transitional governance arrangement, which will take effect from the 1st of April 2017 is subject to approval by the Central Bank of Nigeria.
“By the 31st of March 2017, the current board of the bank (including the MD/CEO, Mr. Philip Ikeazor) would have fully disengaged, except for Mr. Bakare and Mrs. Isichei, who will continue as part of the
transitional governance board.”
