Following its 7th Annual General Meeting held in April 2024, Nigeria’s wholesale development finance institution, Development Bank of Nigeria (DBN) Plc. has announced the appointment of five new directors to its Board to fill the vacancies created by the exit of some directors whose tenures on the board ended.
These appointments are part of the bank’s ongoing efforts to strengthen its leadership and corporate governance structure while continuing its mission of promoting inclusive growth and economic development.
The appointments which were disclosed in a press statement signed by the company’s Managing Director/CEO, Dr. Tony Okpanachi, reaffirmed DBN’s commitment to sustainable development, excellence and innovation as the institution continues to evolve and shape the dynamic MSME financing landscape in Nigeria.
“Their diverse expertise and leadership will be instrumental as we continue to drive financial inclusion and support economic growth in Nigeria. At the same time, we extend our deepest gratitude to our esteemed pioneer directors for their unwavering dedication and contribution. They have been pivotal to DBN’s success story, and we wish them the very best in their future endeavours,” he stated.
The recently appointed Directors are: Ms Imoni Akpofure – Independent Non-Executive Director; Mr Urum Kalu (UK) Eke, Independent Non-Executive Director; Mr Mohammed Mustapga Bintube – Independent Non-Executive Director; Mrs Juliet Anammah – Independent Non-Executive Director, and Ms Folakemi Fatogbe – Independent Non-Executive Director.
The directors, who recently exited the Board are: Mrs. Clare Omatseye, (Independent Non-Executive Director); Mr. Phillips Oduoza, (Independent Non-Executive Director); Dr. Oladimeji Alo, (Independent Non-Executive Director); Mr. Bello Maccido, (Independent Non-Executive Director); Mr. Andrew Alli, (Independent Non-Executive Director), and Dr. Shehu Yahaya (Chairman/Non-Executive Director).
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