Union Bank Nigeria Plc has announced the dissolution of its board and a new chief executive officer. The new CEO is Titan Trust Bank’s managing direc
Union Bank Nigeria Plc has announced the dissolution of its board and a new chief executive officer.
The new CEO is Titan Trust Bank’s managing director, Mudassir Amray, according to a note to the Nigerian Exchange Limited.
The decisions came after Titan Bank concluded the takeover of Union Bank, Nigeria’s second oldest bank.
The bank has also appointed a new chairman and three directors.
They are Farouk Gumel, chairman, and Andrew Ojel, Abubakar Mohammed and Lawrence Mackombo, directors.
Titan Trust Bank purchased 93.4 per stake of Union Bank.
With the new acquisition, 10 of 13 members of Union Bank have exited the company.
The appointment of Mr Amray will take effect from June 2.
