The Bank Directors Association of Nigeria (BDAN) has recorded a 29.7 percent increase in its income in 2022 compared to the previous year.
The association in a statement noted that it held its 26th Annual General Meeting virtually following the successful conclusion of its annual summit in Abuja.
“The association under the leadership of Mustafa Chike-Obi presented its 2022 financial statement which ended on December 31, 2022. The total income performance of the Association increased by 29.7 percent year-on-year in comparison with 2021 activities, and a surplus income of N11.35m was contributed to the accumulated fund,” the statement said.
Chike-Obi further reiterated the association’s commitment to advancing its advocacy agenda for the benefit of member banks.
He emphasised the importance of BDAN’s role in representing the interests of bank directors and ensuring the sustainable development of the Nigerian banking sector.
He applauded the success of the recently held Summit and reiterated the intention of the association to push further on its advocacy agenda to the benefit of the member banks.
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Echoing Chike-Obi’s sentiments, the association’s executive secretary/chief executive, Adebukola Orenuga, elaborated on the progress made during the year. She highlighted the Association’s strategic efforts based on three pillars: Advocacy, Capacity Building, and Research & Development.
Orenuga specifically noted ongoing advocacy efforts regarding the NDIC/AMCON report published in collaboration with Proshare.
She affirmed the Association’s dedication to actively engaging with stakeholders and pursuing its mandate of effectively representing the interests of bank directors in Nigeria.
Orenuga said, “The Efforts made during the year are based on the three strategic pillars of the Association, that is, Advocacy, Capacity building, and Research and development.”
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The advocacy on the NDIC/AMCON report published in collaboration with Proshare is underway and explained that the association intends to actively continue to push the engagement of stakeholders all in a bid to achieve the mandate of the association which is to be an effective forum for representing the interests of bank directors in Nigeria, she said.
The BDAN’s Annual General Meeting serves as a testament to the Association’s commitment to supporting the Nigerian banking sector and promoting best practices within the industry. With a strong financial performance and a clear vision for the future, the BDAN is well-positioned to continue its impactful work in the years to come.
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