Following the resignation of Sen. Udoma Udo Udoma, the Union Bank of Nigeria has announced Mr Cyril Odu as its new chairman.

Prior to Odu’s appointment, he was the chairman of the bank’s Risk Management Committee. He holds a Bachelor degree in geology from the University of Ibadan and an MBA from Texas Southern University in Houston, Texas.

The management of Union Bank of Nigeria claims Odu’s tenure brings continuity and ensures that the bank will continue to execute its defined strategic initiatives over the next few years.

Reports says, Udoma was recently appointed Minister for Budget and National planning by President Muhammadu Buhari.

The statement said that the bank defined its transformation road map and made significant strides executing its priorities as evident in its critical operational and financial milestones