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COMFORT EKELEME, Business Editor
Polaris Bank said it has been notified of the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in Polaris Bank by Strategic Capital Investment Limited (SCIL).
As part of the change in ownership, SCIL has appointed a new independent Board of Directors to lead the bank’s growth strategy.
The new Board will be led by the existing Chairman M K Ahmad. He will be joined on the board by 6 non-executive directors and 3 executive directors, bringing extensive experience in the banking and wider financial services sector in Nigeria and internationally, and expertise in corporate governance, human resource management, law, and regulation.
The incoming boards are Alhaji MK Ahmad (Chairman), Mr. Abubakar Danlami Suleiman (Non-Executive Director), Ms. Salma Mohammed (Non-Executive Director), Mr. Adeleke Alex Adedipe (Non-Executive Director), Mr. Ahmed Almustapha (Non-Executive Director), Mr. Francesco Cuzzocrea (Non-Executive Director), Mrs. Olabisi Olubunmi Odunowo (Non-Executive Director),
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