Sequel to the takeover of Keystone bank by the new owners, Sigma Golf-Riverbank, a transition board has been appointed to run the affairs of the bank.
Hafiz Bakare has been appointed the acting MD/CEO of the bank. Before the appointment, he was the Executive Director, Corporate Bank & Treasury at Keystone Bank Limited also overseeing the Lagos & West Directorate.
Also appointed are Alhaji Umaru H. Modibbo as the board Chairman, Mrs. Yvonne Isichei as Executive Director as well as Mrs. Titilayo Tairat Adebiyi and Mr. Bulus Bunken Dan-Habu as Non-Executive Directors.
According to the Head, Corporate Communications, Omobolanle Osotule in a statement, the new board is a transitional governance arrangement, which follows:
“the successful conclusion of the divestment of Keystone Bank Limited by the Asset Management Corporation of Nigeria (AMCON), which culminated in the Completion Meeting of 23 March 2017 and the formal handover of the bank to the Sigma Golf-Riverbank Consortium (the Consortium).”
According to the statement:
“The transitional governance arrangement, which will take effect from the 1st of April 2017 is subject to approval by the Central Bank of Nigeria. By the 31st of March 2017, the current board of the bank (including the MD/CEO, Mr. Philip Ikeazor) would have fully disengaged, except for Mr. Bakare and Mrs. Isichei, who will continue as part of the transitional governance board.”
