Union Bank Board Shifts to New Growth Phase

Union Bank recently updated its board composition with the retirement of executive director Ibrahim Kwargana and resignations of non-executive directors Mansur Ahmed, Onikepo Akande, and Arina McDonald in October 2017.

The bank appointed Taimoor Labib, Obafunke Alade-Adeyefa, and Furera Isma Jumare as new non-executive directors to strengthen its governance structure.

Cyril Odu, chairman of the board, acknowledged the outgoing directors' contributions during a critical period and highlighted the bank's achievements in transforming its operations.

Union Bank aims to achieve short to medium term growth objectives through its capital increase strategy, positioning itself as a leading commercial bank in Nigeria.

Union Bank updated its board in October 2017 with the retirement of executive director Ibrahim Kwargana and resignations of non-executive directors Mansur Ahmed, Onikepo Akande, and Arina McDonald.

The bank appointed Taimoor Labib, Obafunke Alade-Adeyefa, and Furera Isma Jumare as new non-executive directors to bolster governance.

Cyril Odu, chairman, credited outgoing directors for their contributions during a critical period and noted the bank’s transformation achievements.

Union Bank’s capital increase supports short to medium term growth goals to reestablish its position as Nigeria’s leading commercial bank.