CBN Hires New Board Members for Union, Polaris, and Keystone Banks 

To replace the recently dismissed board members of Union, Polaris, and Keystone Banks, the Central Bank of Nigeria has appointed new executives. 

The Central Bank of Nigeria concluded that the former board members of the banks in question no longer deserve to be there and has appointed the following people to take over in each of the banks: 

Union Bank

• Yetunde Oni - Managing Director/ Chief Executive Officer 

• Manirr Ubali Ringim - Executive Director 

Keystone Bank 

• Hassan Imam - Managing Director/ Chief Executive Officer 

• Chioma .A. Mang - Executive Director

Polaris Bank 

• Lawal Mudathir Omokayode - Managing Director/ Chief Executive Officer 

• Chris Onyeka Ofikuku - Executive Director

These names were confirmed and signed off by Sidi Alli Hakama, Director of Corporate Communications for CBN in a statement released on the 10th of January, 2024. Also, it was voted that the new executives were to resume all activities immediately. 

This development, however, has attracted different reactions from social media after the CBN shared the information last night. 

"The CBN needs to release more statements on the importance of these appointments. These are important Banks in Nigeria - the public deserves to know. Why these folks ??? Are there any such actions envisaged for other Banks?" an X user tweeted responding to the post made by the CBN. 

Another X user quoted the post saying; 

"CBN somewhat moves autocratically, how these decisions (however right) hardly get challenged is quite worrying!" 

Despite public reactions, the Central Bank of Nigeria remained steadfast, and there has been no alteration to the decision it initially took.

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