Following the dissolution of the Board and Management of three prominent banks Union Bank, Keystone Bank, and Polaris Bank on Wednesday, the Central Bank of Nigeria (CBN) announced the appointment of Yetunde Oni as the new Managing Director/Chief Operating Officer of Union Bank plc.
The announcement of Yetunde Oni’s appointment was made by Sidi-Ali Hakama, the acting director of Corporate Communication, through a circular dated January 10, 2024.
In a related development from last December, Titan Trust Bank’s (TTB) chairman, Babatunde Lemo, faced questioning by the Special CBN Investigator, Jim Obazee, regarding TTB’s acquisition of Union Bank of Nigeria Plc (UBN). Titan Trust Bank promptly issued a press release refuting any allegations.
Amidst this backdrop, the arrival of Yetunde Oni as the new Chief Executive Officer and MD of Union Bank adds a layer of uncertainty to the ongoing saga surrounding the acquisition of Union Bank by Titan Trust Bank. She takes over from Mudassir Amray, the former CEO of the bank.
10 Things To Know About Union Bank CEO Yetunde Oni
1. Yetunde Oni bagged a degree in Economics from the University of Ibadan in 1991.
2. She underwent Executive Training at Oxford University in 2016.
3. She obtained an MBA in Business Administration from Bangor University in 2020.
4. She began her career with Prime Merchant Bank Treasury & Money Markets Group
5. In 1994, she joined Ecobank Nigeria as a Relationship Manager in the Institutional Banking Group (1994 – 2005).
6. In January 2005, Yetunde Oni joined Standard Chartered Bank Nigeria, assuming the role of Senior Account Relationship Manager in the Local corporations segment.
7. She was later transferred to the Apapa Branch where she was saddled with the dual responsibility of Wholesale Banking Branch Head and the development of the Bank’s Local corporate portfolio in the Apapa and Ogun State Region.
8. In May 2010, she was appointed Head of Local Corporates.
9. In 2014, she was appointed the Managing Director & Country Head of Commercial Banking in West Africa for Standard Chartered Bank, (2014 – Jan 2021).
10. Before her Managerial appointment with Union Bank, she operated as the first female Managing Director and Chief Executive Officer at Standard Chartered Bank in Sierra Leone, a position she took in January 2021.
