Unity Bank Plc has announced its first succession plan since inception in 2006 with the thrust to grow the bank “from its good position to a great one.”
The succession plan led to the appointment of four new executive directors and a new Managing Director/Chief Executive officer to assume leadership of the Bank.
The new Managing Director is Ado Yakubu Wanka, the Bank’s erstwhile Group Executive Director, Risk Management and Controls. He is taking over from Falalu Bello, who pioneered the bank at consolidation and led it through the tortuous period of banking crisis and recapitalization.
Wanka has had more than 23 years of banking experience drawn from commercial, retail and investment banking during which he served as executive director in First Bank and former FSB International. He once served as Managing Director of former Gamji Bank Ltd.
He holds a B.Sc degree in Chemical Engineering from Ahmadu Bello University, Zaria and an MBA from the same university.
Three of the executive directors, I.T Mohammed, Ahmed Yusuf, Ismaila Galadanchi, were appointed from within the Bank as part of the bank’s implementation of its internal talent development strategy while Elisha Olanrewaju Fagbohun joined the bank from another institution. The new helmsmen have a combined banking experience of about 120 years covering investment banking, commercial and retail banking, strategic leadership, turnaround management and consulting.
Announcing the transition, the outgoing Managing Director, Falalu Bello expressed satisfaction with the smooth implementation. He is confident that the new team would work hard to further grow the Bank and give it its pride of place in the industry.
In its 2010 Audited Accounts, Unity Bank Plc posted N13.5 billion profit before tax and grew its shareholders’ fund to N43billion from N7billion in 2009.