Abbey Mortgage Bank, a non-aligned Primary Mortgage Bank in Nigeria, has appointed Samuel Oni as its new chairman on the back of the retirement of Emmanuel Ivi, whose tenure ends December 31, 2023.
A statement by the company said, Oni will assume the role on January 1, 2024.
The new chairman is a distinguished Fellow of the Institute of Chartered Accountants of Nigeria and the Association of Certified and Chartered Accountants London, and according to the Company, brings extensive experience to the role.
His career included roles such as Director of Other Financial Institutions Department, Internal Audit, and Bank Examination at the Central Bank of Nigeria. He had also served as a Director of United Bank for Africa Plc and Chairman of UBA Capital, London.
Meanwhile, in addition to the retirement of Ivi, the Board also announced the retirement of Olufemi Soewu (rtd) with effect from December 31, 2023. “The Board expressed gratitude for Air Vice-Marshal Soewu’s 18 years of unbroken and meritorious service to Abbey Mortgage Bank.”
The retirement of both Ivi and Soewu was marked by a valedictory dinner held on December 14, 2023. The families of the outgoing members and members of the Managing Committee of the bank attended the event.
During his speech at the Valedictory Dinner, Mobolaji Adewumi, managing director, expressed his heartfelt appreciation, stating, “From my heart, sincere thanks to Mazi Emmanuel Kanu Ivi and Air Vice-Marshal Olufemi Soewu (rtd) for their invaluable support.
“Mazi’s handling of challenges has been truly impressive. Their dedication has left a lasting mark on Abbey Mortgage Bank. We draw inspiration from their leadership.”
“The Board looks back at a successful era. It is confident that the wealth of experience and leadership qualities of Oni will contribute to the continued growth and success of Abbey Mortgage Bank,” the company said.
