Barely hours after the Central Bank of Nigeria dissolved the boards and managements of Union Bank of Nigeria, Keystone Bank and Polaris Bank over alleged corporate governance infractions and non-compliance with regulatory requirements, the financial regulatory body appointed new executive directors to oversee the affairs of the deposit money banks.

This announcement was made on Wednesday by Sidi-Ali Hakama, the acting director of Corporate Communication at the Central Bank of Nigeria (CBN), through a circular dated January 10, 2024.

The appointment comes at a tumultuous time, following the dissolution of the Board and Management of three prominent banks, including Union Bank, Keystone Bank, and Polaris Bank. “We are confident in Yetunde Oni’s abilities to lead Union Bank in these challenging times,” stated Hakama. “Her extensive experience in the banking industry is what Union Bank needs to navigate the current situation.” 

The new Chief Executive Officer and MD of Union Bank, Yetunde Oni brings her wealth of experience in the banking industry which spans over 25 years to the fore.

She replaces Mudassir Amray, the former CEO of the bank.

10 Things to Know about Yetunde Oni

1. Yetunde Oni bagged a degree in Economics from the University of Ibadan in 1991.

2. She underwent Executive Training at Oxford University in 2016.

3. She obtained an MBA in Business Administration from Bangor University in 2020.

4. She began her career with Prime Merchant Bank Treasury & Money Markets Group

5. In 1994, she joined Ecobank Nigeria as a Relationship Manager in the Institutional Banking Group (1994 – 2005).

6. In January 2005, Yetunde Oni joined Standard Chartered Bank Nigeria, assuming the role of Senior Account Relationship Manager in the Local corporations segment.

7. She was later transferred to the Apapa Branch where she was saddled with the dual responsibility of Wholesale Banking Branch Head and the development of the Bank’s Local corporate portfolio in the Apapa and Ogun State Region.

8. In May 2010, she was appointed Head of Local Corporates.

9. In 2014, she was appointed the Managing Director & Country Head of Commercial Banking in West Africa for Standard Chartered Bank, (2014 – Jan 2021).

10. Before her Managerial appointment with Union Bank, she operated as the first female Managing Director and Chief Executive Officer at Standard Chartered Bank in Sierra Leone, a position she took in January 2021.