Unity Bank has announced that the chairman of its board of directors, Aminu Babangida, will be retiring from the organisation with effect from 18 March.
Oluwafunsho Obasanjo, a non-executive director at the lender, will also exit by way of retirement on the same date, according to a statement issued by the bank on Friday.
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The two board members’ departure “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,” the document added.
Meanwhile, the lender has appointed Hafiz Mohammed Bashir, a former chairman of the bank’s Board Finance & General Purpose Committee, as its acting chairman.
He joined Unity Bank’s board in November 2017 and was previously a member of Board Credit Committee, Board Governance & Nominations Committee and Board Risk Management & Audit Committee.
Mr Bashir has profound experience in the public and private sectors, and holds a postgraduate diploma from Abubakar Tafawa Balewa University, Bauchi as well as a Master’s of Business Administration degree from the Business School of Netherlands.
The bank has also announced the appointment of Iyabo Obasanjo, a daughter of Former President Olusegun Obasanjo, as a non-executive director.
An associate professor, Africana Studies programme at College of William & Mary, Williamsburg, Virginia, USA, Ms Obasanjo was previously Ogun State’s commissioner for health and the senator representing Ogun Central Senatorial District from June 2007 to June 2011.
She is a graduate of Veterinary Medicine at the University of Ibadan and holds a Master’s in Preventive Veterinary Medicine as well as a PhD Epidemiology, Minor: Immunology from Cornell University, Itacha, New York, USA.
Unity Bank disclosed in the same statement the appointment of Halima Babangida as a non-executive director of the bank.
Ms Babangida is a graduate of Business Management at the AGSB University, Switzerland and Business Administration from Montruex School of Business, Switzerland.
“She has cognate experience in stevedoring, logistics, farming/food chain industry and in the real estate and property management businesses,” the statement said.
