Infinity Trust Mortgage Bank appoints Chukwu acting MD /CEO as Olumorin exits

Infinity Trust Mortgage Bank Plc has appointed Ngozi Chukwu as the acting Managing Director/Chief Executive Officer to steer the affairs of the bank effective July 11, 2024.

The bank has notified the Nigeria Exchange Limited (NGX) and members of the public, particularly the shareholders of the exit of its Managing Director/Chief Executive Officer, Sunday Olumorin as from the services of the bank.

Infinity Trust Mortgage Bank is one of the leading and most capitalised Primary Mortgage Banks in Nigeria. It has significantly increased its shareholders’ funds from less than N50millio in 2003, to over N7billion in 2023.

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The mortgage bank has maintained an unbroken record of consistency in dividend payment to shareholders for 17 years running from 2007 to 2024. It has also supported the dreams of over ten thousand families in owning their homes.

“Ngozi Chukwu is a seasoned Business Development Manager with 15 years of cognate professional experience. She is currently driving the overall business strategy of the Bank and has a wealth of experience in banking operations, treasury, product development, business strategy, marketing, sales, and organisational transformation.

“She has attended several specialized trainings and workshops in diverse fields, including International Housing Finance Program in Canada; training program on behavioural science, emotional intelligence, Credit and Risk Management in the Mortgage Banking sub-sector, among others. Ngozi is a member of the Nigeria Institute of Management (NIM) and holds an MBA from Ahmadu Bello University, Zaria, MPhil from Nile University Abuja and a B.Sc. in Biochemistry from the University of Uyo, Akwa Ibom State,” the bank said.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.