Amaka Onwughalu Appointed As Mainstreet Bank Interim MD By Skye Bank

Skye Bank appoints Amaka Onwughalu as Mainstreet Bank interim MD

The New owners of Mainstreet Bank, Skye Bank Plc announced recently that  it has appointed Amaka Onwughalu as the new interim Managing Director for Mainstreet Bank.

A notice to the Nigerian Stock Exchange in Lagos on Monday stated that Amaka Onwughalu would also oversee the affairs of the bank as the Deputy Managing Director (DMD).

Skye bank also said that, the interim management board comprising of Amaka Onwughalu as managing director and Dotun Adeniyi as an executive director would be at the helm of affairs to run Mainstreet bank at least for 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.

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According to the notice, Onwughalu was appointed to the Board of Skye Bank on Nov. 30, 2008.

The bank described her as an astute bank administrator with over 27 years 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 Nov. 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 (UBA) in 1986.