News
See executives of some Nigerian banks newly appointed by CBN
New executive members have emerged for some banks in Nigeria.
This follows their appointment by the Central Bank of Nigeria which announced the development.
The affected banks are Union Bank, Keystone Bank and Polaris banks. The boards of the banks were dissolved on Wednesday.
The acting director of Corporate Communication, Sidi-Ali Hakama, made this disclosure in a circular dated January 10 2024.
According to the CBN, the new executive officers will now oversee the affairs of the banks.
In addition, the apex bank noted that the appointment will take effect immediately.
The CBN said, “Board and Management of Union Bank, Keystone Bank and Polaris Bank on Wednesday, January 10, the CBN has appointed new executives to oversee the affairs of the bank;
Union Bank: Yetunde Oni — Managing Director/Chief Executive Officer
Mannir Ubali Ringim — Executive Director
Keystone Bank:
Hassan Imam — Managing Director/ Chief Executive Officer
Chioma A. Mang — Executive Director
Polaris Bank :
Lawal Mudathir Omokayode Akintola — Managing Director/ Chief Executive Officer
Chris Onyeka Ofikulu — Executive Director
“The appointments take immediate effect.”
The Central Bank of Nigeria officially dissolved the Board and Management of three prominent banks — Union Bank, Keystone Bank, and Polaris Bank.
The apex bank cited several concerns leading to this decision, including regulatory non-compliance, failures in corporate governance, and involvement in activities threatening financial stability.
“This action became necessary due to the non-compliance of these banks and their respective boards with the provisions of Section 12©, (f), (g), (h) of the Banks and Other Financial Institutions Act, 2020. The Bank’s infractions vary from regulatory non-compliance, corporate governance failure, disregarding the conditions under which their licenses were granted, and involvement in activities that pose a threat to financial stability, among others.” Mrs. Sidi Ali, Hakama, the Acting Director of Corporate Communications at the CBN said.
In December 2023, the Special CBN Investigator, Jim Obazee, summoned Titan Trust Bank’s (TTB) chairman, Babatunde Lemo, for questioning regarding TTB’s acquisition of Union Bank of Nigeria Plc (UBN).
The special investigator had in his report alleged that some persons were used as proxies by a former CBN Governor, Godwin Emefiele, to set up Titan Trust Bank and acquire Union Bank
However, Titan Trust Bank issued a press release denying any wrongdoing.
A leaked report by the Special Investigation on the Central Bank of Nigeria and other entities also alleged financial and legal irregularities within the Central Bank of Nigeria (CBN) under the leadership of Godwin Emefiele.
The Supreme Court has nullified the national convention of the Peoples Democratic Party (PDP) held in Ibadan, Oyo State, on November 15 and 16, 2025.
The convention had produced a factional national executive of the party led by Tanimu Turaki, SAN.
The apex court’s decision has now affirmed earlier judgments which held that the exercise was conducted in violation of subsisting court orders.
The Ibadan convention had been the subject of prolonged legal disputes before the Supreme Court’s verdict.
A Federal High Court had earlier restrained the PDP from going ahead with the convention, citing alleged breaches of the party’s constitution and failure to comply with due process.
The court also noted unresolved disputes from state congresses and the alleged exclusion of some aspirants from the process.
Despite the order, the convention went ahead, leading to further litigation. The Court of Appeal subsequently upheld the decision of the lower court.
It affirmed that the convention was held in violation of valid judicial pronouncements and that its outcome could not stand.
Dissatisfied with the concurrent judgments, the Turaki-led faction approached the Supreme Court, seeking to overturn the decisions and validate the convention as well as the executives it produced.
The Supreme Court’s decision to void the convention has effectively settled the legal dispute over the legitimacy of the factional leadership that emerged from the exercise.
….The Commission wants IGP to address use of excessive force by police
The Executive Secretary of the National Human Rights Commission (NHRC), Dr. Tony Ojukwu OFR, SAN, has strongly condemned the alleged extrajudicial killing of a 28-year-old Nigerian, Mene Ogidi, by a police officer, ASP Nuhu Usman, on April 26, 2026, in Efurun, Uvwie Local Government Area of Delta State.
In a statement issued in Abuja, Dr. Ojukwu described the incident as “deeply disturbing and a direct assault on human dignity, the Constitution of the Federal Republic of Nigeria, and the rule of law.”
He stressed that no Nigerian should lose their life at the hands of those sworn to protect them, reiterating that every life matters and must be protected.
According to him, “the reported action of the officer involved is condemnable, unacceptable, and completely inconsistent with the principles of justice and a civilized society.”
The statement which was signed by Hajia Fatimah Agwai Mohammed, Director, Corporate Affairs and External Linkages, quoted Ojukwu to have expressed grave concern over the recurring incidents of excessive use of force by law enforcement officers and called on the Nigeria Police Force to take urgent and decisive steps to address the issue.
He specifically urged the police authorities to subject officers deployed on special duties to periodic mental and psychological evaluations to ensure they are fit to carry arms and engage with civilians responsibly.
Dr. Ojukwu further called for the immediate disciplinary action against ASP Nuhu Usman in line with extant laws and police regulations.
He also emphasized the need for the Nigeria Police Force to fully implement the recommendations of the Commission’s Panel on Police Brutality as a necessary step toward meaningful reform and prevention of future violations.
“The Commission demands immediate arrest and a transparent investigation into the incident, dismissal of the officer involved, and swift prosecution in accordance with the law.
We hereby call for adequate compensation and justice for the family of the victim,” he stated.
He warned that justice delayed only deepens public distrust in state institutions and undermines confidence in law enforcement.
The Executive Secretary assured that the NHRC will continue to monitor the case closely and will persist in its advocacy for accountability, justice, and the protection of the fundamental rights of all Nigerians.
“Nigeria must never normalize brutality. Justice must speak louder than silence,” he concluded.
The Supreme Court of Nigeria will on Thursday, deliver judgments in two cases involving the leadership crises rocking the African Democratic Congress and the Peoples Democratic Party.
According to information on the official website of the court, the matters, listed under “Political Appeals”, have been added to the cause list for Thursday, April 30, 2026.
While judgment in the ADC matter, marked SC/CV/180/2026, has been fixed for 2 pm, there is no time yet for that if the PDP.
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