Board of Directors of Abbey Mortgage Bank has announced significant changes in its leadership, marking the retirement of Emmanuel Ivi and AVM Olufemi Soewu (rtd), and the appointment of Samuel Oni as the new chairman.

Ivi, an esteemed member of the board, who will officially retire on December 31, 2023, has been an integral part of Abbey for the past 30 years, first as a director and later as the chairman.

The board expressed appreciation for his unparalleled and exemplary leadership, which played a pivotal role in the bank’s success.

Oni, a distinguished fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and Association of Certified and Chartered Accountants (ACCA), London, will take the mantle as chairman on January 1, 2024.

He brings extensive experience to the role.