Jaiz Bank gets Acting MD

In from Ali Smart . . .
The Board of Directors of Jaiz Bank Plc has approved the appointment of Mahe Abubakar as the acting Managing Director/CEO of the Bank.
Before his current appointment, Abubakar was an Executive Director, Business Development.
Announcing his appointment on Monday, the Head, Corporate Communications Department of the Bank, Idris Salihu said Abubakar is taking over from Muhammad Nurul Islam, whose two-year contract ends on the 17th of November, 2015.
According to Salihu, the Board expressed gratitude to Islam for his innumerable contributions towards the growth and success of the bank in the last two years.

Read also: JAIZ Bank named sole collector of Hadaya, animal sacrifice for Hajj

Islam joined Jaiz Bank in November 2013 and turned it around from a negative balance-sheet to a positive result in 2014.
Jaiz Bank is now operating in 21 locations from the 10 locations he met. Under Islam’s leadership, Jaiz also obtained Approval-in-Principle for a license from the Central Bank of Nigeria to operate as a national bank.
Justifying Mahe’s appointment, the Board said he is considered “an astute banker with over 20 years cognate experience. Before he joined Jaiz, he was a General Manager/ Group Zonal Head of Zenith Bank Plc in charge of the Northwest region.”
Mahe has a Master Degree in Business Administration from the Ahmadu Bello University, Zaria and he is a qualified Dealing Clerk of the Nigerian Stock Exchange.

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