JAIZ bank appoints Ahmed Alhaji Hassan as acting MD/CEO as four Directors resign

Jaiz Bank has unveiled Mallam Ahmed Alhaji Hassan as the newly appointed Acting MD/CEO of the bank. This decision comes subsequent to the resignation of Dr. Siraju Salisu, the former MD/CEO, which received approval from the Board during their gathering on the 14th of August.

The bank conveyed this development through an official statement released to both the public and regulatory bodies on the NGX. The statement further highlighted that the bank’s incoming MD/CEO previously served as the Director of Operations and the CFO within the organization.

Board shakeup 

The bank also noted it is engaging in a strategic restructuring of its Board and management following the resignation of four Non-Executive Directors of the bank. It stated that the latest action of the bank is in response to two recent circulars from the bank. The first led to the resignation of two NEDs while the other led to the resignation of two more NEDs.   

The statement reads,

• “The first circular led to the resignation of 2 Non-Executive Directors (NEDs) in the persons of Alh. (Dr.) Umaru Abdul Mutallab (Chairman of the Board of Directors) and Mall. Falalu Bello from the board and the subsequent appointment of a new Chairman for the Board.” 
• “The latest circular has also led to the resignation of two more NEDs in the persons of Alh. Ibrahim Mamun Maude and HRH Ibrahim Bello Sani bringing the total of Board members down to fourteen 14”  

The bank noted its recent move is geared towards serving its client better.