Skye Bank Plc says it
has appointed Mrs. Amaka Onwughalu as the interim Managing Director of
Mainstreet Bank. This is contained in a notice to the Nigerian Stock Exchange
on Monday in Lagos. Skye Bank said that Onwughalu would also oversee the
affairs of the bank as the Deputy Managing Director. The News Agency of
Nigeria reports that the Asset Management Corporation of Nigeria formally
handed over the management of Mainstreet Bank to Skye Bank Plc on Dec. 18. The
bank also said that directors of Mainstreet Bank had also resigned their
appointments on that date. It added that the bank had constituted interim
management board that comprised of Onwughalu as managing director and Mr. Dotun
Adeniyi as an executive director. The bank said that the interim management
board was expected to steer the affairs Mainstreet Bank in the next six months.
It also said that the appointments would afford the bank the opportunity to
pursue the integration of the operations of the two banks. According to the
notice, Onwughalu was appointed to the Board of Skye Bank on November 30, 2008.
It described her as an astute bank administrator with over 27 years of
experience. The bank added that she rose to the position of acting Managing
Director of Reliance Bank in April 2005 till the merger scheme, which gave
birth to Skye Bank in 2006. It also added that she was in charge of the
Treasury Group, the International Funding Group, Corporate Banking Group and
International Subsidiaries of the bank in her current capacity as DMD It said
that Adeniyi was also appointed to the board on November 30, 2008. It described
Adeniyi as a banker with over 28 years experience spanning corporate banking,
commercial banking, retail banking, international trade finance and banking
operations. He is currently Skye Bank’s Chief Risk Officer. Adeniyi started his
banking career as a Trainee Manager with the United Bank for Africa in 1986.
Punch (online)
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