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SunTrust Bank Appoints Jibril Aku, as Board Chairman

The Board of SunTrust Bank Nigeria Limited (SunTrust Bank) has appointed Mr. Jibril J. Aku as Board Chairman, succeeding Chief Charles Onyema Ugboko who retired upon attaining the retirement age.

According to Muhammad Jibrin, CEO of the bank, in a statement obtained yesterday by THISDAY, “The Board and Management of SunTrust Bank most sincerely thank Chief Charles Ugboko for his astute leadership and contributions to the Bank.

“Under his guidance, the Bank defined its strategic direction and made significant strides in executing its Fintech vision. We wish Chief Ugboko well in all his future endeavours.”  

Commenting on his successor, the outgoing Chairman, Ugboko, expressed delight at the appointment of Aku as Chairman saying: ‘Jibril Aku is a seasoned banker who has also had significant Board experience in the banking and financial industry generally.

“This combination will significantly benefit both management and the Board. I worked with him at Afribank and I have no doubt that as Chairman of the Board of SunTrust he will ensure that the Bank continues to execute and actualise the defined strategic initiatives which we began.”

Aku has over 34 years banking experience with 24 years spent in senior management levels.

Prior to joining the board of SunTrust Bank, he served as Group Head, Strategy at Ecobank Transnational Incorporated, in Lome, Togo and, was also Managing Director/CEO of Ecobank Nigeria Limited from 2010-2015. He is on the board of FMDQ OTC PLC as Vice Chairman.

Prior to joining the Ecobank Group, he was the Executive Director Operations and Information Technology at Former Afribank Nigeria Plc.

Before joining the former Afribank, he was at Citibank Nigeria where he served in various capacities and departments and attained the position of Vice President and Country/ Regional Treasurer.

Aku graduated from Ahmadu Bello University, Zaria, with a Second class (Upper) bachelor’s degree in Business Administration and holds an MBA degree from the University of Benin.

He is a Fellow of the Chartered Institute of Bankers and various professional bodies. He was awarded Doctor of Science in Business Administration (D.Sc.) Honoris Causa by Achievers University, Ondo State.

Group Hails  Umahi’s Developmental Strides

A Non-Governmental Organisation (NGO), the Centre for Reform Education Initiative (CREI) has applauded what it termed ‘excellent developmental strides” of Ebonyi State Governor, Mr. Dave Umahi since assumption of office, especially in  critical sectors as education, health , massive road  network construction and agriculture .

The group in a statement signed by its Executive Director, Hon. Chinwe Ugwu, and made available newsmen in Enugu noted that  “Governor Umahi has within a short time turned Ebonyi State into a huge construction site, thereby placing the once ‘obscure state on the world map.”

Ugwu who expressed satisfaction with Umahi’s administration’s policy of achieving positive results where others fail to make impact added that the Governor’s trademark was setting targets and attaining within record time.

 The statement read thus: “As a developmental organisation, we have been following developments in Ebonyi state since May 29, 2015 and I must say we are not disappointed because Governor Dave Umahi has proven that he is an embodiment of knowledge and paragon of excellence by the massive infrastructural development in the state.

“We are impressed with the achievements the Governor has recorded so far with Ebonyi now becoming an el dorado of the South East region and a reference point to good governance in the entire country. The road network in Abakiliki and other towns as well as provision of potable water in most communities by this government must not go unnoticed”, she stated.

Ugwu, also applauded  the Governor for improving the welfare of civil servants in the state especially in the prompt payment of salaries adding that the agricultural revolution currently on going is unprecedented.

“Unlike other states where civil servants have been working without pay for many months, Governor Umahi has instead placed a high premium on the welfare of workers in the state and salaries are paid as and when due. Strikes have now become a thing of the past.

“Again, it is commendable to learn that the state government is paying the counterpart funding of about 12,000 Ebonyi civil servants to enable them benefit from agriculture. For those who are not indigenes of the state, the government provides land. This cuts across all civil servants both at the federal level.”

CREI applauded the agricultural policy of the Umahi administration, which, according to the Executive Director, had etched the name of the Ebonyi in the Guinness Book of Record as the state with the highest number of rice milling centres in the whole of West Africa in addition to being the biggest rice-producing states in the federation. 

Ugwu equally  pointed  out the agricultural programme of the administration tagged ‘one man, one hectare’, whereby every inhabitant of the state is encouraged to be a farmer with at least a hectare of land.

 According to her, it was gratifying that Ebonyi State boasts of over 250 hectares of arable land particularly for rice farming. 

In the area of job creation, Hon. Ugwu noted that the effort of the Umahi administration in creating jobs especially for the youths and women was innovative. She particularly acknowledged the recent programme, which targeted over 3,000 women and youth who were mentored and funds provided for them to set up small scale businesses to enable them eke out a living.

The group also  commended the Governor’s effort in the health sector explaining that the establishment of a school of nursing by the administration was the a timely decision,

“Again, we noticed with amazement the speed at which the Governor has improved security in the state. There is a remarkable reduction in the crime rate in the state and this has made Ebonyi the safest place to live and do business in the whole of South East if not the country at large.

“We therefore call on the people of the Salt of Nation to continue to support His Excellency, Governor Dave Umahi to liberate Ebonyi from the shackles of poverty and under development. We at CREI believe that the Governor is capable because he has proven in less than three years that he can”, she stated.

READ MORE:  Former UN official wants high tax regime for vacant houses in cities
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