Union Bank of Nigeria’s CEO, Yetunde Oni, was named by the Central Bank of Nigeria, or CBN, on Thursday. Her appointment followed the dissolution of the boards and managements of Union Bank of Nigeria, Keystone Bank, and Polaris Bank by CBN Governor Dr. Yemi Cardoso, just hours earlier.
The three bank executives were fired for a variety of reasons, including suspected violations of corporate governance and failure to adhere to legal standards.
The appointment is effective immediately, according to a statement released on Thursday morning by Sidi Hakama, the interim director of corporate communications for the national bank.
According to the release, Union Bank has named Yetunde Oni as its CEO. She was the first woman to hold the position at Sierra Leone’s Standard Chartered Bank.
She would succeed Mudassir Amray, the bank’s previous CEO.
Who is Yetunde Oni?
After earning a degree in Economics from the University of Ibadan in 1991, Yetunde Oni graduated.
She completed executive training at Oxford University in 2016 and continued on to INSEAD, the Business School for the World, for additional executive training in 2017.
Yetunde Oni, then, got a Master of Business Administration, MBA, from Bangor University, Wales, in 2020.
She worked as a Relationship Manager in the Institutional Banking Group at Ecobank Nigeria from 1994 till 2005.
She began working for Standard Chartered Bank Nigeria in 2005 when she was assigned to the Local Corporations division as a Senior Account Relationship Manager.
Here are some facts about Yetunde Oni, the recently appointed CEO of Union Bank
- After working as a relationship manager for 11 years at Ecobank Nigeria, Oni started her career in 1994 with Prime Merchant Bank.
- She began working for Standard Chartered Bank Nigeria in 2005 and advanced through the levels there.
- She was appointed Managing Director and Head of the West African Commercial Banking Division in 2014.
- Oni was the CEO and Managing Director of Standard Chartered Bank in Sierra Leone prior to joining Union Bank.