Bank Directors Grow Income By 5.3%

The Bank Directors Association of Nigeria has announced that it’s income rose by 5.3 percent in the 2021 financial year.

The Chairman of the association, Mr Mustafa Chike-Obi, disclosed this at its 25th annual general meeting in Lagos during the presentation of the association’s 2021 financial statement which ended on December 31, 2021.

He said, “The total income performance of the association increased by 5.3 per cent in comparison with that of 2020 activities. A surplus of N13.45m was contributed to the accumulated fund.”

The association, limited by guarantee, also announced the retirement of two members of the board, Mrs Onari Duke, a non-executive director of UBA Plc who had served on the board since 2017.

Ms Hadiza Ambursa, a director representing Access Bank Plc also retired.

Chike-Obi stated that it was the desire of the association to ramp up its advocacy drive on behalf of the banks who were members of the association.