The Central Bank of Nigeria has restructured the board of directors for Keystone Bank. This decision, announced on Wednesday, is part of the apex bank's initiative to promote ongoing growth within the financial institution.

A statement from Keystone Bank revealed that Lady Ada Chukwudozie has been appointed as the new chairperson of the board, along with five other non-executive directors: Abdul-Rahman Esene, Mrs. Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Senator Farouk Bello.

Additionally, the CBN has introduced two new executive directors, Ladi Oluwole and Abubakar Usman Bello.

Lady Ada Chukwudozie, a well-respected leader in Nigeria’s corporate landscape, brings nearly 30 years of expertise in business strategy, management, and administration, with experience spanning various sectors, including De-Endy Industrial Company Limited, Dozzy Group, the Manufacturers Association of Nigeria, and Vogue Afrique Magazine.

Abdul-Rahman Esene, who has over 43 years in banking, investment management, and corporate finance, has held significant positions in major organizations such as Fidelity Bank, Afrinvest, and Global Arbitrage International Inc.

Mrs. Fola Akande has more than 25 years of experience in legal, compliance, and risk management, having worked with renowned companies like Cadbury, Stanbic Chartered Bank, and Shell.

Akintola Ayodeji Olusoji has a notable 30-year background in accounting, finance, and business development, with experience at Sterling Bank, Access Bank, and Intercontinental Bank.

Obijiaku Samuel, with over 35 years in banking and treasury operations, has made a considerable impact on Nigeria’s financial landscape, previously associated with Zenith Bank and Fidelity Bank.

Senator Farouk Bello, a veteran banker with over 20 years of experience, has spearheaded initiatives in both the public and private sectors, including roles in the National Assembly and Guaranty Trust Bank.

The two newly appointed executive directors bring a wealth of knowledge and experience to the organization. Ladi Oluwole, who has taken on the role of Executive Director of Risk Management, boasts over 20 years of expertise in credit and enterprise risk management, having previously worked at Bank of America.

Abubakar Usman Bello, serving as the Executive Director for the Northern Directorate, has a strong background in managing clients across corporate, retail, and public sectors.

In discussing these appointments, Hassan Imam, Managing Director and CEO of Keystone Bank, conveyed his confidence in the new board members, highlighting that their extensive backgrounds will be instrumental in the bank's ongoing transformation and growth.

“We are delighted to welcome our new chairman, non-executive directors, and executive directors to the Keystone Bank board. Their considerable experience will be crucial as we work to reposition the bank to capitalize on emerging economic opportunities while upholding robust corporate governance and ensuring a secure and dependable banking experience for our customers,” Imam stated.