Polaris Bank Limited Board has announced the appointment of Mr. Innocent Ike as the Acting Managing Director/CEO of the bank, effective from Monday, September 1st, 2020.

Before now, the bank had announced the retirement of its incumbent Managing Director/CEO, Mr Tokunbo Abiru effective from 31 August 2020.

In statement by the Company Secretary, Babatunde Osibodu, he said;

“The incoming CEO was, until now, the Executive Director, Technology & Services while also overseeing the South-South/South East Directorate of the Bank.”

“Not only has he been a pivotal part of the Bank since July 2016, but a major driver of the Corporate Transformation journey. This gives an assurance of continuity: a definite continuation of the strategic plans and initiatives that brought the Bank the successes it has recorded to date.”

“Ike has garnered over three decades of professional experience in the Banking Industry. He is a graduate of Accounting from the University of Lagos, a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Certified IFRS Expert and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN).”

“He holds an Executive Certificate in Strategy & Innovation from MIT Sloan School of Management; Boston and he is also a Member of Institute of Directors (IOD).”

“With this change of baton, the Bank is set to continue to deliver on the sterling performance reflected in the full year 2019 results in which the Bank posted Profit After Tax (PAT) of N27billion. To buttress the fact that this is sustainable, the Bank’s first-half 2020 result showed a PAT of over N18billion, despite the tremendous headwinds brought on by the COVID-19 pandemic.”