Keystone Bank MD quits

Keystone Bank Limited has announced the resignation of Obeahon Ohiwerei from office as Managing Director/CEO of the bank. The board of the bank has immediately appointed Abubakar Danlami Sule as Acting Managing Director/CEO.

Sule’s appointment is subject to approval by the Central Bank of Nigeria.

A statement from the bank disclosed that Ohiwerei is leaving to pursue other personal interests. The statement further added that the board recognised and appreciated Ohiwerei’s immense contributions to the growth of Keystone Bank and the visibility the bank had attained as a brand in the past eighteen months.

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; a 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 as Acting MD/CEO, the Deputy Managing Director of Keystone Bank Limited.

He 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.

The board of the bank has enjoined management and staff to join hands with the Acting MD/CEO to build Keystone Bank into a brand that all its stakeholders will be proud of.