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NOVA Merchant Bank appoints new directors, elevates 20 per cent workforce

By Guardian Nigeria
09 August 2022   |   4:40 am
NOVA Merchant Bank has announced the appointment of two independent non-executive directors and one non-executive director.

Newly appointed Independent Non-Executive Director, Funmi Oyetunji (left); Chairman, Phillips Oduoza; Independent Non-Executive Director, Gbemisola Laditan; and Non-Executive Director, Chinedu Uzoho; at the 5th Annual General Meeting of NOVA Merchant Bank where the shareholders ratified the new directors in Lagos,

NOVA Merchant Bank has announced the appointment of two independent non-executive directors and one non-executive director.
This is just as the bank also promoted about 20 per cent of its workforce.

A statement by the lender explained that the new appointees are expected to strengthen the board and bring more inclusivity and diversity to the bank’s board.

The new directors, Chinedu Uzoho who was appointed as a non-executive director, is a top-level finance, banking and capital market professional with over 40 years of experience in the banking industry and capital market.

He has served on the board of many reputable institutions, and currently, the Chairman of NovaMBL Securities Limited (a subsidiary of Nova Merchant Bank Limited).

Funmi Oyetunji, appointed as an independent non-executive director, is an accomplished professional with about 40 years of corporate experience in professional practice and banking services in Nigeria and the United Kingdom.

She serves on a number of boards and retired recently as an independent non-executive director of Ecobank after serving the full tenure of three terms. She is the CEO of Abitos Financial Services Limited.

Gbemisola Laditan, also an independent non-executive director, is a prize-winning chartered accountant with over 30 years of experience in banking and consulting.

She has served on the board of major institutions and is currently the managing director/chief executive officer of Flux Logistix Limited.

The statement, said that their appointments were ratified by shareholders during the bank’s yearly general meeting, which held recently and approved by the Central Bank of Nigeria, as well as all the regulatory bodies.

The Chairman of NOVA Merchant Bank, Phillips Oduoza, who congratulated the new directors, said the appointments demonstrated the bank’s commitment to leverage a team of talented professionals with requisite experience, fresh perspectives and insights to drive the next banking revolution.

“We are an impact-driven organisation committed to delivering sustainable tangible results to all stakeholders and we believe that the careful selection of the new members is guided by the bank’s overarching philosophy of “New thinking-new opportunities to win in the marketplace,” he said.

Also, in demonstration of the bank’s commitment to empowering its employees and in recognition of their effort in driving productivity despite the challenging economic terrain, the Managing Director/Chief Executive Officer, Nath Ude, announced the promotion of about 20 per cent of its workforce.

He said the promotion exercise spanned the senior, middle and junior levels.

Commenting on the exercise, Ude said: “NOVA is a performance-driven organisation that holds its staff to the highest ethical standards. We have a refreshing corporate culture at NOVA, which offers immense benefits for our employees embodied by our commitments to them, hence this promotion exercise. We will remain devoted to developing and empowering our people to achieve their full potential.”