Companies

Unity Bank appoints new chairman, Obasanjo’s daughter as director

Published

3 days ago

March 18, 2023

Unity Bank appoints new chairman, Obasanjo's daughter as director

Unity Bank has announced the appointment Hafiz Mohammed Bashir as the acting chairman of its board of directors and the daughter of former President Olusegun Obasanjo, Iyabo, as a non-executive director.

The appointments followed the retirement of Aminu Babangida as chairman of the board of directors and Dr Oluwafunsho Obasanjo as a non-executive director.

According to a notice signed by the Company Secretary, Alaba Williams on Friday, the retirement becomes effective March 18, 2023.

The statement said, “This follows the expiration of their tenure as directors on the Board of the Bank and in compliance with the prescribed tenure for Non-Executive Directors under the Central Bank of Nigeria (CBN) Code of Corporate Governance for Banks.”

Bashir, who is the new Chairman of Unity Bank was appointed to the board of the bank on November 21, 2017.