NOVA Merchant Bank promotes workers across the board, appoints new directors


NOVA Merchant Bank has promoted 20 per cent of its staff in recognition of their effort in driving productivity despite the challenging economic terrain.

The bank which announced the promotion in a statement said the exercise covered the senior, middle, and junior staff cadres.

It added that the management was doing its utmost to continuously create opportunities for career growth in the institution.

Commenting on this exercise, the bank’s MD/CEO, Mr. Nath Ude, said the company remains dedicated to empowering staff members to optimise performance.

“NOVA is a performance-driven organisation that holds its staff to the highest ethical standards. We have a refreshing corporate culture at NOVA which offers immense benefits for our employees embodied by our commitments to them, hence this promotion exercise. We will remain devoted to developing and empowering our people to achieve their full potential,” he said.

The bank also announced the appointment of two independent non-executive directors and one non-executive director.

It said the three new appointees would strengthen the board and bring more inclusivity and diversity to the bank’s board.

The non-executive directors are Chinedu Uzoho and Funmi Oyetunji, while the independent non-executive director is Gbemisola Laditan.

Uzoho is a top-level finance, banking and capital market professional with over 40 years of experience in the banking industry and capital markets.

Oyetunji, appointed as an independent non-executive director, is an accomplished professional with about 40 years of corporate experience gathered across several roles in professional practice and banking in Nigeria and the United Kingdom.

Laditan, also an independent non-executive director, is a prize-winning chartered accountant with over 30 years of experience in banking and consulting. She has served on the board of major institutions and is currently the Chief Executive Officer of Flux Logistix Limited.

The company said the appointments were ratified by the shareholders on July 29, 2022, in Lagos, following its 5th annual general meeting (AGM).

Congratulating the new directors, the company’s chairman, Mr. Phillips Oduoza, said the appointments demonstrate the bank’s commitment to leverage a team of talented professionals with requisite experience, fresh perspectives and insights to drive the next banking revolution wave.

“We are an impact-driven organisation committed to delivering sustainable tangible results to all stakeholders and we believe that the careful selection of the new members is guided by the bank’s overarching philosophy of “New Thinking-New Opportunities to win in the marketplace,” he said.


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