UNITY BANK APPIONTS ALHAJI AMINU BABANGIDA NEW BOARD CHAIR …as Thomas A. Etuh Retires

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Chairman of Board of Directors of Unity Bank Plc, Mr. Thomas A. Etuh has retired from the Bank’s Board with effect from October 4th, 2017 while the Board has also approved the appointment of Alhaji Aminu Babangida (the erstwhile Vice Chairman of the Board) as the new Chairman of the Board in line with the Bank’s succession plan.

A statement from the Bank confirmed that the appointment of Alhaji Aminu Babangida as the Chairman of the Board of Directors of Unity Bank Plc has been approved by Central Bank of Nigeria.

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The new chairman of Board of Directors, Alhaji Aminu Babangida, undoubtedly takes the mantle of leadership with a vibrant enterprise mindset coming from vast experience of driving entrepreneurship and diversified background spanning the oil and gas industry, education and international equity market.

Aminu was appointed to the Board of Unity Bank Plc in March, 2011 as a Non-Executive Director. His role as Vice Chairman before his ascendancy has effectively positioned him to steer the vision and strategy of the institution as well as achieve the mandate of anchoring a profitable entity.

He has served in a number of Board Committees including Board Audit Committee, Board Information Technology Strategy Committee and Chaired the Board Governance and Nominations Committee as well as the Board Credit Committee respectively.

Alhaji Aminu, co-founder/chief executive officer of Phoenix Energy, attended Regents Business School and Westminster Business School, both in London, UK, where he obtained a BA in International Business and an MA in International Business Management, respectively.

He is a member of the Institute of Directors (IOD), Bank Directors Association of Nigeria (BDAN) and Chartered Institute of Bankers of Nigeria.

Alhaji Aminu Babangida will bring his wealth of experience as the Bank consolidates on the achievements of his predecessor, while equally charting new courses to strongly propel the institution for the realization of its strategic business objectives that is squarely anchored on retail banking.

Mr. Etuh’s three years tenure witnessed bold initiatives which contributed immensely in repositioning the lender.

Analysts consider the relocation of the Bank’s head office from Abuja to Lagos, the sale of the Bank’s legacy Non Performing Loans to an independent private-led Assets Management Company, the implementation of the leanManagement structure which saw the reduction in the number of Board members as major milestones defining his tenure.

Mr. Etuh joined the Board of Unity Bank Plc in March, 2011. He was appointed Pioneer Vice Chairman of the Board of Directors, Unity Bank Plc on April 22, 2014. He has varied experience,gained from over two decades of servicein the public and private sectors, much of these earned as active player in the Agriculture value chain businesses.