April 14, 2024

Bustan Daily

Trusted Source for Online News Publishing

Polaris Bank appoints Acting MD/ CEO

1 min read

The Board of Polaris Bank Limited and Asset Management
Corporation of Nigeria (AMCON), the Bank’s shareholder, have
announced the appointment of Mr Innocent Ike, as the Acting
Managing Director/CEO of Polaris Bank Limited, effective Sept. 1.
Mr Babatunde Osibodu, the Company Secretary, said in a
statement on Saturday in Lagos, that the appointment was in line
with a culture of good corporate governance and succession
planning.
Osibodu said that the board had announced that the Managing
Director/CEO of Polaris Bank Limited, Mr Tokunbo Abiru, would be
proceeding on retirement with effect from Aug. 31.
He said Abiru had successfully completed his two terms of two
years each, first as Group Managing Director/CEO, Skye Bank Plc
and Managing Director/CEO Polaris Bank Limited.
“The incoming Acting Managing Director/CEO was until now the
Executive Director, Technology and Services while also overseeing
the South-South/South East Directorate of the Bank.

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