The Bank Directors Association of Nigeria (BDAN) has introduced two new directors to its board following the retirement of three directors by rotation. This was announced at BDAN’s 27th annual general meeting, which was held virtually.
The directors who retired from the board include Umaru Kwairanga, representing Jaiz Bank; Mrs. Funke Feyisitan-Ladimeji, Executive Director of Coronation Merchant Bank Limited; and Mr. Dayo Omolokun, Executive Director of Standard Chartered Bank Nigeria Limited.
The two new directors appointed to the board are Mr. Jonathan Luka, Non-Executive Director of TAJ Bank Limited, and Mrs. Yetunde Ogunremi, Executive Director of Rand Merchant Bank Limited.
At the AGM, BDAN Chairman Mustafa Chike-Obi reported a significant financial improvement for the association, with a 138.9 percent increase in total income for 2023 compared to the previous year. He also noted a 13.4 percent growth in net assets.
“These remarkable achievements are a testament to your unwavering support for BDAN’s strategy and vision,” Chike-Obi told the members at the AGM. He emphasized BDAN’s growing influence and its effectiveness in advocating for member banks, gaining significant recognition as an industry leader.
Related News:BDAN’s CEO, Adebukola Orenuga, provided a comprehensive overview of the association’s advocacy efforts over the past year. She highlighted BDAN’s continuous engagement with banks, industry stakeholders, regulators, and various government bodies. Orenuga identified the association’s three key strategy areas as advocacy, capacity building, and research & development.
She said, “Over the past year, BDAN has been at the forefront of crucial advocacy efforts and discussions aimed at collaborating with industry stakeholders, regulators, and government branches. Our mission has been to drive necessary regulatory reforms and foster meaningful partnerships and collaboration across key areas in the sector.”
Orenuga also encouraged key economic stakeholders to participate in BDAN’s upcoming Bank Directors’ Summit, themed “Propelling Economic Growth: Leveraging Partnerships to Unlock Economic Prosperity.” She emphasized that the summit would be both enlightening and productive, with the engagement of stakeholders being crucial as BDAN explores opportunities for growth and prosperity in the sector.
She reaffirmed BDAN’s commitment to working with relevant stakeholders to contribute to the stability and advancement of the banking industry, stressing that collaboration and engagement remain central to the association’s mission.
