The dissolution of the Board and Management of three prominent banks Union Bank, Keystone Bank, and Polaris Bank on Wednesday has brought about new changes in the banking sector and this includes the appointment of Yetunde Oni as the new Managing Director/Chief Operating Officer of Union Bank plc. by the Central Bank of Nigeria (CBN).
This was announcement was made today by Sidi-Ali Hakama, the acting director of Corporate Communication, through a circular dated January 10, 2024.
Notably, Yetunde is to take over from Mudassir Amray, the former CEO of the bank.
In a related development from last December, Titan Trust Bank’s (TTB) chairman, Babatunde Lemo, faced questioning by the Special CBN Investigator, Jim Obazee, regarding TTB’s acquisition of Union Bank of Nigeria Plc (UBN). Titan Trust Bank promptly issued a press release refuting any allegations.
Undoubtedly, the arrival of Yetunde Oni as the new Chief Executive Officer and MD of Union Bank will certainly add a layer of uncertainty to the ongoing challanges surrounding the acquisition of Union Bank by Titan Trust Bank.