Forward Microfinance Bank elects new board, to recapitalise

Forward Microfinance Bank has elected a new board and chairman, as the previous members retired in line with the Central Bank of Nigeria (CBN) regulation.

The company also announced the take off of a new banking application to make its services competitive.

According to a statement sent to Ripples Nigeria, the microfinance bank based in Onitsha, Anambra State, it was learnt that three directors; Dr Nduka Ochuba, Lady Pat Okeke and Hon. Chike Anyaonu formally retired from the board.