The Central Bank of Nigeria (CBN) has announced a significant reconstitution of the board of directors for Keystone Bank, a strategic move aimed at driving sustained growth for the financial institution.

In a statement released on Wednesday, the CBN revealed that Lady Ada Chukwudozie has been appointed as the new board chairperson, accompanied by five new non-executive directors: Abdul-Rahman Esene, Mrs. Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Senator Farouk Bello. Additionally, Ladi Oluwole and Abubakar Usman Bello have been appointed as new executive directors.

Lady Ada Chukwudozie, a prominent leader in Nigeria’s corporate landscape, brings nearly 30 years of experience in business strategy and management. Her diverse background includes significant roles at De-Endy Industrial Company Limited, Dozzy Group, the Manufacturers Association of Nigeria, and Vogue Afrique Magazine.

Abdul-Rahman Esene, who boasts over 43 years in banking, investment management, and corporate finance, has held leadership positions in notable institutions like Fidelity Bank, Afrinvest, and Global Arbitrage International Inc.

Mrs. Fola Akande adds to the board with her 25 years of expertise in legal, compliance, and risk management, having previously worked with global giants such as Cadbury, Stanbic Chartered Bank, and Shell.

With a distinguished 30-year career in accounting and finance, Akintola Ayodeji Olusoji has served at Sterling Bank, Access Bank, and Intercontinental Bank. Obijiaku Samuel contributes more than 35 years of experience in banking and treasury operations, having made significant impacts at Zenith Bank and Fidelity Bank.

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Senator Farouk Bello brings over 20 years of banking experience, having led initiatives in both public and private sectors, including at the National Assembly and Guaranty Trust Bank.

The new executive directors also bring a wealth of expertise. Ladi Oluwole, serving as the Executive Director of Risk Management, has over two decades of experience in credit and enterprise risk management, including past roles at Bank of America. Abubakar Usman Bello, the Executive Director for the Northern Directorate, has extensive experience managing corporate, retail, and public sector clients.

Hassan Imam, Managing Director and CEO of Keystone Bank, expressed optimism regarding the new appointments. He emphasized that the extensive experience of the new board members will be instrumental in the bank’s ongoing repositioning and growth.

“We are pleased to welcome the new chairman, non-executive directors, and executive directors to the board of Keystone Bank. We are confident that their vast experience will be invaluable as we continue to reposition the bank to seize emerging economic opportunities while maintaining strong corporate governance and providing our customers with a secure and reliable banking experience,” Imam stated.