BDAN income rises by 5.3 per cent last year

By : Editor

Date: 21 October 2022 3:36am WAT

Executive Director, Standard Chartered Bank Nigeria Limited, Dayo Omolokun(left); Executive Secretary, Bank Directors Association of Nigeria, Ms. Adebukola Orenuga; Chairman, Bank Directors Association of Nigeria, Mustafa Chike-Obi; Non-Executive Director, United Bank for Africa Plc, Mrs. Onari Duke and Executive Director, Coronation Merchant Bank Limited, Mrs. Funke Feyisitan-Ladimeji at the 25th yearly general meeting of Bank Directors Association of Nigeria in Lagos.

The Bank Directors Association of Nigeria (BDAN) said its income rose by 5.3 per cent in the 2021 financial year.

The Chairman of the association, Mustafa Chike-Obi, said this while presenting the 2021 financial statement at its 25th annual general meeting of the association in Lagos.

“The total income performance of the association increased by 5.3 per cent in comparison with that of 2020 activities. A surplus of N13.45m was contributed to the accumulated fund,” Chike-Obi said.

The association, limited by guarantee, also announced the retirement of two members of the board. One of them is Onari Duke, a non-executive director of UBA Plc, who had served on the board since 2017.

Also, Hadiza Ambursa, a director at Access Bank Plc retired.