Ahmed Hassan Emerges Acting MD of Jaiz Bank as Sirajo Salisu Resigns After 11 months
- Ahmed Hassan has replaced Sirajo Salisu as acting managing director of Jaiz Bank
- This became necessary after the bank’s MD, Salisu, resigned from the position after less than a year
- Hassan, who has taken over as MD, has 21 years of experience in the banking, industrial, and academic sectors
Following the resignation of Sirajo Salisu the managing director of Jaiz Bank Plc, Ahmed Hassan has been named the acting managing director and chief executive officer.
According to a statement released by the bank yesterday, August 16, in Abuja, the board named Hassan the acting managing director after Sirajo left and took a terminal leave of absence.
Source: UGC
This is coming after Nigeria’s largest Islamic bank announced the highest profit in five years, according to its 2022 financial statement submitted to the Nigerian exchange.
According to the statement, the bank's profit after tax 2022 rose to N6.9 billion, 69% from N4.1 billion recorded in 2021. Read more about Islamic banking and how many banks are approved in Nigeria.
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Salisu resigns as MD
Salisu was appointed Managing Director in September 2022 to succeed Mallam Hassan Usman.
Earlier, in a notification of changes on the board/management of Jaiz Bank Plc filed, the Nigerian Exchange noted that the bank has undertaken some changes and restructuring of its Board of Management.
The statement read in part:
The first circular led to the resignation of 2 non-executive directors (NED) in the person of Dr Umaru Abdul Mutallab (Chairman of the board of directors) and Fallalu Bello from the board and the subsequent appointment of a new chairman for the board.
The latest circular has led to the resignation of 2 more NEDs in the person of Ibrahim Mamun Maude and HRH Bello Muhammad Sani bringing the total number of board members down to fourteen
Further to the development, the board resolved to cascade the changes and restructuring process to the management level and ultimately to all staff cadre. It added:
Accordingly, the board at its meeting held 14th August 2023 accepted the voluntary resignation of Dr Sirajo Salisu as the MD/CEO and consequently appointed Ahmed Hassan as the MD/CEO, who until now was executive director, operations and CFO.
Hassan to replace Salisu as acting MD
Hassan held the positions of Executive Director, Operation, and Chief Financial Officer (CFO) at Jaiz Bank before being hired. In the banking, industrial, and academic sectors, he has 29 years of experience, according to a Nation report.
In the past, Hassan held positions at the Securities and Exchange Commission (SEC), NAL Merchant Bank (now Sterling Bank), and Dangote Group as the financial controller of Kano Flour Mills.
Hassan has experience in branch and regional banking, risk management, banking operations, corporate finance, and financial controls.
He holds memberships as an Associate in the Institute of Chartered Accountants of Nigeria, the Chartered Institute of Taxation of Nigeria, and the Pension Institute of Nigeria.
Before being named Chief Compliance Officer (CCO) of the bank, Hassan held the positions of Head of Financial Control and Acting Chief Financial Officer.
Access, other banks receive 4.57m customer complaints demanding N52.53bn refund
Legit.ng earlier reported that seven of Nigeria's top commercial banks had received 4.57 million customer complaints in a year, from January 1 to December 31, 2022.
The 2022 complaint figures represent an increase compared to customer complaints from the surveyed banks in 2021.
These figures were captured in the banks' annual financial reports, which were submitted to the Nigerian Exchange.
Source: Legit.ng
