Unity Bank has announced that the chairman of its board of directors, Aminu Babangida, will be retiring from the organisation with effect from 18 March.
Oluwafunsho Obasanjo, a non-executive director at the lender, will also exit by way of retirement on the same date, according to a statement issued by the bank on Friday.
The two board members’ departure “follows the expiration of their tenure as directors on the board of the bank and in compliance with the prescribed tenure for non-executive directors under the Central Bank of Nigeria (CBN) Code of Corporate Governance for Banks,” the document added.
