Aminu Babangida IBB's son emerges new chairman of Unity Bank

Aminu, who was appointed after an approval from the Central Bank of Nigeria, succeeds Thomas Etuh.

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Aminu Babangida

(TheCapital)
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Aminu Babangida, one of the sons of former military head of state, Ibrahim Badamasi Babangida, has emerged the new chairman of Unity Bank.

According to a report by TheCable, Aminu, who was appointed after an approval from the Central Bank of Nigeria, succeeds Thomas Etuh.

The notice of Aminu's new position was also posted on the Nigerian Stock Exchange website on Thursday, October 26, 2017.

The notice, which was signed Unity Bank's company secretary, Mohammed Shehu, said Babangida will succeed Thomas Etuh, who recently retired from the bank.

This is to formally notify shareholder of Unity Bank Plc and other takeholders of the Bank that, the board of Unity Bank Plc held at an emergency meeting held on October 4, 2017 approved the appointment of Aminu Babangida (the erstwhile vice chairman of the board) a the new chairman of the board in line with the bank’s succession plan policy.

“The appointment of Aminu Babangida as chairman, board of directors of Unity Bank Plc has been approved by the Central Bank of Nigeria.

Aminu Babangida is an entrepreneur, a co-founder/chief executive officer of Phoenix Energy, Abuja and team member of the El-Amin International School, Minna.

Aminu, who worked on the trading floor of Trafigura BV, London, UK, was appointed to the board of Unity Bank Plc in 2011.

He attended Regents Business School, London and Westminster Business School London where he obtained a BA in International Business and MA in International Business Management respectively.

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