Keystone Bank Limited has appointed Abubakra Sule as an acting Managing Director/Chief Executive Officer, after the resignation of its former CEO, Obeahon Ohiwerei.
Why Ohiwerei resigned from his position: Obeahon Ohiwerei is said to have made the decision to leave in order to pursue other personal interests.
Ohiwerei’s tenure as the CEO of Keystone Bank was much appreciated by the company’s Board of Directors, who praised him for his contributions towards ensuring the growth and visibility of the bank.
In the meantime, Mr Sule’s appointment as the new Managing Director has been approved by the Central Bank of Nigeria (CBN).
Overview of Abubakar Sule
According to Keystone Bank, Sule’s experience in the Nigerian banking sector makes him suitable for the position. Before his appointment, he was the Deputy Managing Director of the bank.
“SULE IS A GRADUATE OF AHMADU BELLO UNIVERSITY, ZARIA WITH DEGREE IN ACCOUNTING. HE IS A FELLOW OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA; AN HONORARY MEMBER OF THE CHARTERED INSTITUTE OF BANKERS OF NIGERIA; A GOVERNING MEMBER OF THE CHARTERED INSTITUTE OF BANKERS OF NIGERIA; AND AN ALUMNUS OF BOTH THE INSEAD (FRANCE) AND WHARTON BUSINESS SCHOOL IN PENNSYLVANIA, USA. HE WAS UNTIL HIS APPOINTMENT, THE DEPUTY MANAGING DIRECTOR OF THE BANK.
“SULE HAS OVER 29 YEARS OF CUTTING-EDGE BANKING EXPERIENCE WITH COMPETENCES IN CORPORATE BANKING, OPERATIONS, TREASURY MANAGEMENT, CREDIT STRUCTURING, CORPORATE PLANNING, AS WELL AS POSSESSION OF VERY STRONG RELATIONSHIP MANAGEMENT SKILLS.
“SULE HAD ALSO SERVED BRIEFLY AS THE MANAGING DIRECTOR OF STERLING CAPITAL LIMITED, THE INVESTMENT BANKING SUBSIDIARY OF STERLING BANK PLC IN 2009. WHILE AT STERLING CAPITAL LIMITED, HE WAS APPOINTED BY THE CBN AS PART OF THE EXECUTIVE MANAGEMENT TEAM TO TURNAROUND THE FORTUNES OF ERSTWHILE INTERCONTINENTAL BANK PLC.
“HE EVENTUALLY RETURNED TO STERLING BANK PLC AS EXECUTIVE DIRECTOR IN CHARGE OF THE NORTH AND CORPORATE BANKING. HE ALSO WORKED BRIEFLY IN STANDARD CHARTERED BANK LIMITED BEFORE HE JOINED KEYSTONE BANK.”