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Barely 24 hours after asserting that it has bought Polaris financial institution, Strategic Capital Funding has introduced the appointment of a brand new board of administrators.
The newly appointed board members will likely be answerable for steering the affairs of the financial institution to its new development part.
A company disclosure by the financial institution launched Friday afternoon the brand new Board “will likely be led by the present Chairman M Ok Ahmad. He will likely be joined on the board by 7 non-executive administrators and three govt administrators, bringing intensive expertise within the banking and wider monetary companies sector in Nigeria and internationally, and experience in company governance, human useful resource administration, legislation and regulation.”
The incoming board members are:
- Alhaji MK Ahmad (Chairman)
- Mrs Aku Odinkemelu (Non-Government Director)
- Mr Abubakar Danlami Suleiman (Non-Government Director)
- Ms Salma Mohammed (Non-Government Director)
- Mr Adeleke Alex Adedipe (Non-Government Director)
- Mr Ahmed Almustapha (Non-Government Director)
- Mr Francesco Cuzzocrea (Non-Government Director)
- Mrs Olabisi Olubunmi Odunowo (Non-Government Director)
- Mr Adekunle Sonola (Government – MD/CEO)
- Mr Abdullahi S Mohammed (Government Director)
- Mr Segun Opeke (Government Director)
The assertion quoted the chairman of Polaris Financial institution’s board of administrators to have mentioned: “I want to thank the outgoing board members profusely for his or her onerous work and dedication during the last 4 years as we have now established a robust governance construction and stabilised the financial institution. I’m very happy with the progress we have now been capable of make, and that we have now delivered on our mandate to arrange the financial institution for a return to non-public possession. I’m personally proud to have been requested to steer the financial institution into an thrilling new future and I stay up for working with the brand new board and our core buyers to construct on the platform we have now created.”
Talking on behalf of SCIL, the brand new core investor, Adekunle Sonola, the incoming MD/CEO mentioned: “We’re excited to take part within the subsequent part of development for Polaris Financial institution and to have been capable of recruit such an skilled and various Board of Administrators we’re assured can lead Polaris Financial institution into a brand new period of sustainable development. That is an thrilling time for the Nigerian monetary companies trade and we’re dedicated to constructing on the sturdy foundations which were established by the departing board. We want to specific our thanks for his or her service and want them nicely.
“We now have mandated the incoming administration to develop an progressive, however sustainable development technique that prioritises the wants and aspirations of our present clients.”
In case you missed it
The Central Financial institution of Nigeria and AMCON, yesterday, introduced the completion of the sale of shares in Polaris Financial institution to Strategic Capital Funding Restricted (SCIL) for the sum of N50 billion.
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