Three directors retired by rotation, while the Bank Directors Association of Nigeria (BDAN) added two new members to its board of directors.
This is in light of the association’s 2023 total income report, which showed a 138.9% gain. Its 27th annual general meeting, which took place almost late, brought this to light.
Umaru Kwairanga, representing Jaiz Bank; Mrs. Funke Feyisitan-Ladimeji, Executive Director of Coronation Merchant Bank Limited; and Mr. Dayo Omolokun, Executive Director of Standard Chartered Bank Nigeria Limited, were the three retired directors on the board.
Mr. Jonathan Luka, the non-executive director of TAJ Bank Limited, and Mrs. Yetunde Ogunremi, the executive director of Rand Merchant Bank Limited, were the two new directors appointed to the board by rotation.
Mustafa Chike-Obi, the Chairman of BDAN, added that the association’s growing impact and the success of its recent projects were key factors in its financial performance.
According to him: “The association’s total income performance saw an impressive increase of 138.9 percent year-on-year compared to 2022, and net assets grew by 13.4 percent. These significant achievements are a direct result of your unwavering support for BDAN’s strategy and vision.”
Chike-Obi noted that BDAN had gained considerable prominence as a major player in the business and emphasised the association’s ongoing success in promoting member banks.
Adebukola Orenuga, the Chief Executive Officer of BDAN, gave a thorough summary of the organization’s lobbying activities throughout the previous 12 months.
She underscored the three main strategy areas of the association—advocacy, capacity building, and research & development—and underlined BDAN’s ongoing interactions with banks, industry stakeholders, regulators, and the various branches of government.
According to Orenuga: “Over the past year, BDAN has been at the forefront of critical advocacy efforts and discussions aimed at collaborating with industry stakeholders, regulators, the legislature, and executive branches of government.
“Our mission has been to drive necessary regulatory reforms and foster meaningful partnerships and collaboration across key areas in the sector, which aligns perfectly with the theme of this year’s upcoming Bank Directors’ summit – Propelling Economic Growth: Leveraging Partnerships to Unlock Economic Prosperity and I encourage all key economic stakeholders to participate in this summit, which promises to be both enlightening and productive. Your engagement will be instrumental as we explore opportunities for growth and prosperity together,” she added.
However, she also reaffirmed BDAN’s dedication to working with pertinent parties to accomplish the Association’s objective, which is to maintain vital partnerships and engagement that support the stability and growth of the banking sector.
