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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 Nigerian Police has said Sunday Igboho was not involved in recent rescue operations of the abduction victims in Igboho community.
It would be recalled that a video went viral on Saturday where community members trooped out in their hundreds to celebrate and glorify Igboho, attributing a recent release of abducted villager to his stern warning to kidnapper to free abductees or face his wrath.
But the police has officially debunked claims that the hostages have been safely released. Furthermore, the Oyo State Commissioner of Police has denied that Sunday Igboho was involved in recent rescue operations.
Yhe Oyo State Police Command dismissed these claims as unsubstantiated, urging the public to rely only on official channels rather than social media rumors. The police also clarified they have no evidence of Igboho’s participation in successful rescue efforts.
Sir Siminalayi Fubara, the Governor of Rivers State, has extolled the virtues of unconditional love and immeasurable sacrifice as the defining hallmarks of fatherhood and the bedrock upon which families and society are built.
In a goodwill message to commemorate the 2026 Father’s Day celebration, Governor Fubara paid glowing tributes to fathers for serving as the pillars that hold families together and, by extension, strengthen communities across Rivers State and Nigeria.
According to a statement by Onwuka Nzechi, Chief Press Secretary to the Governor on Media, Fubara noted that across the 23 Local Government Areas of Rivers State, fathers labour daily to provide for their families despite the economic and social challenges confronting the nation. According to him, Father’s Day is a special occasion set aside to honour the quiet love and selfless sacrifices that fathers make across generations and throughout the world.
“A father’s love is quiet strength. It is the man who leaves home before dawn and returns after dusk so his children can eat and go to school. It is the man who denies himself so his family can have. It is the firm hand that corrects and the open arms that forgive. That love is the invisible thread that holds our homes together, and that sacrifice is the foundation of our society.
“I have seen fathers labour under the sun, paddle through floods and endure hardship, all so that the next generation will have a better chance than they did. That is heroism without medals,” he said.
Governor Fubara emphasised that when fathers stand, families stand; when families stand, communities stand; and when communities stand, Rivers State stands. He stressed that responsible fatherhood produces stable homes, while responsible sons and daughters help to build peaceful neighbourhoods, harmonious communities and a prosperous state.
The Governor pledged that his administration would continue to draw inspiration from the resilience and sacrifices of fathers in building a Rivers State worthy of their commitment and labour.
He prayed that God would grant every father, grandfather, uncle, guardian and mentor good health, strength and long life to enjoy the fruits of their labour.
Father’s Day, celebrated in Nigeria and many countries around the world on the third Sunday of June, highlights the invaluable contributions of fathers to the family and society at large.
Edo State Governor, Senator Monday Okpebholo, has announced plans to establish a special court to fast-track the prosecution of suspected kidnappers and cultists in the state.
He said anyone convicted by the special courts would face public execution, adding that he would not hesitate to sign their execution order
He spoke in Benin during the parade of suspected kidnappers and cultists arrested by the Edo State Police Command.
He warned residents against engaging in kidnapping and cult-related activities, saying such crimes would only lead to the loss of lives and property.
The governor said the proposed special court would become operational within the next few weeks to ensure speedy trial of suspects.
“We are setting up a special court to try kidnappers and cultists. In the next two or three weeks, it should be ready,” he said.
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