CBN Approves Appointment of Four Directors For Unity Bank

The Central Bank of Nigeria (CBN) has approved the appointment of four directors for Unity Bank Plc.

The bank said in a statement on Wednesday that three non-executive directors and one independent director were approved by the CBN.

It said that the non-executive directors are Mrs Yabawa Lawan Wabi, Mr Dauda Iliya and Mrs Priya Heal, while Mr Sam Okagbue is the independent director.

It said that Okagbue, is a legal professional and the Managing Partner and founding member of the law firm, George Ikoli & Okagbue (GI&O).

Okagbue holds an LL.B from University of Ife, Ile-Ife and an LLM from University of London, London School of Economics.

Wabi has three decades of experience in accounting and financial practice and rose through the ranks in the Borno State Civil Service before serving as Minister of Finance in 2010.

She also served on the Board of Mainstreet Bank (now Skye Bank) as a Non-Executive Director.

She holds a B.Sc in Accounting from the Ahmadu Bello University, Zaria and a member of the Institute of Certified Public Accountants of Nigeria.

Iliya is a veteran banker with cognate experience of over thirty years in branch operations, risk asset assessment, loan recovery, regulatory management, debt recovery, audit and inspection.

Iliya is a graduate of Ahmadu Bello University, Zaria and Honorary Senior Member (HCIB), Chartered Institute of Bankers of Nigeria (CIBN) and Fellow, Institute of Economists of Nigeria (INEN).

Heal is the Managing Director, Chronos Group, Dubai/Germany and co-founded Chronos Asset Management.

She has also served as the Managing Director, Filterinvest, Holland and Restructuring Consultant, Competition Authority, London, UK and a member of the World Economic Forum.

Heal holds a Law degree (LLB) from Kings College London and was called to the Bar in 1998.

She is an alumnus of Yale University, Connecticut, U.S. and the University of Passau, Germany. She is also a member of the Honourable Society of Lincoln’s Inn.

The statement said that the appointments would improve the bank’s board capacity and position it for greater achievements.

The CBN had in January approved the appointment of Thomas Etuh and Aminu Babangida as Chairman and Vice-Chairman of the Bank respectively. (NAN)