Keystone Bank names Transition Board

Following its sale to new investors, Keystone Bank Limited has appointed Hafiz Bakare as the new Acting Managing Director/Chief Executive Officer.

Also appointed was Alhaji Umaru H. Modibbo as board Chairman.

The lender also announced the appointments of Mrs. Yvonne Isichei as Executive Director as well as Mrs. Titilayo Tairat Adebiyi and Mr. Bulus Bunken Dan-Habu- as Non-Executive Directors.

A statement from the bank’s Head, Corporate Communications, Omobolanle Osotule, said the new board is a transitional governance arrangement, following the “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).”

 

Read also: AMCON hands over Keystone Bank to new investors

According to the statement: “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.”

 

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