BDAN reports 29.7 per cent growth in income

By : Guardian Nigeria

Date: 11 December 2023 4:53am WAT

Chief Executive Officer, NGX Regulation Limited, Ms. Tinuade Awe (left); President, Compliance Institute, Nigeria, Pattison Boleigha; Chairman Polaris Bank Limited, M.K. Ahmad; Chairman Bank Directors Association of Nigeria (BDAN), Mustafa Chike-Obi; Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan and Executive Director, AMCON, Dr. Eberechukwu Uneze at the BDAN’s Summit/AGM in Abuja recently.

The Bank Directors Association of Nigeria (BDAN) at its Annual General Meeting (AGM) noted that the association grew its income 29.7 per cent for 2022 compared to the previous year.

The association held its 26th yearly general meeting virtually at the weekend after it successfully concluded its annual summit in Abuja.

“The Association under the leadership of Mustafa Chike-Obi presented its 2022 financial statement which ended on the 31 of December 2022. The total income performance of the association increased by 29.7 per cent year-on-year compared with 2021 activities while a surplus income of N11.35 million contributed to the accumulated fund,” BDAN said in a statement.

Chike-Obi was quoted as reiterating the association’s commitment to advancing its advocacy agenda for the benefit of member banks.

He emphasised the importance of BDAN’s role in representing the interests of bank directors and ensuring the sustainable development of the Nigerian banking sector.

The Association’s Executive Secretary/Chief Executive, Adebukola Orenuga, elaborated on the progress made during the year, highlighting the association’s strategic efforts based on three pillars: advocacy, capacity building as well as research and development.

Orenuga affirmed the association’s dedication to actively engaging with stakeholders and pursuing its mandate of effectively representing the interests of bank directors.