NIGERIA: UNTIY BANK NAMES ALAHJI AMINU BABANGIDA’SON AS BOARD CHAIRMAN
Alhaji Aminu Babangida the erstwhile Vice Chairman of the Board has been appointed the new chairman in line with the bank’s succession plan.
A statement from the bank said the appointment of Babangida’son has been approved by the Central Bank of Nigeria(CBN) and the chairman of Board of Directors of Unity Bank Plc, Mr. Thomas A. Etuh has retired from the bank’s board with effect from October 4th, 2017.
The bank said Alhaji Aminu, undoubtedly takes the mantle of leadership with a vibrant enterprise mindset coming from vast experience of driving entrepreneurship and diversified background spanning the oil and gas industry, education and international equity market. He was appointed to the board of Unity Bank Plc in March, 2011 as a non-executive director. His role as vice chairman before his ascendancy has effectively positioned him to steer the vision and strategy of the institution as well as achieve the mandate of anchoring a profitable entity.
This is to formally notify shareholders of Unity Bank Plc. and other stakeholders of the Bank that, the Board of Unity Bank Plc. at an Emergency Meeting held on October 4, 2017 approved the retirement of Mr Thomas A. Etuh as Chairman of the Board. The Board also approved the appointment of Alhaji Aminu Babangida the erstwhile Vice Chairman of the Board as the new Chairman of the Board in line with the Bank’s Succession Plan Policy.
The appointment of Alhaji Aminu Babangida’son as Chairman, Board of Directors of Unity Bank Plc has been approved by the Central Bank of Nigeria because he has served in a number of Board Committees including Board Audit Committee, Board Information Technology Strategy Committee and Chaired the Board Governance and Nominations Committee as well as the Board Credit Committee respectively.