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The new owner of Polaris Bank, Auwal Lawal, is the in-law to the former Nigerian military ruler, General Ibrahim Badamosi Babangida (rtd).
He is married to Halima, the second daughter, and last child of the former Nigerian military head of state.
Lawal is a Nigerian businessman, entrepreneur, and philanthropist. He holds the traditional chieftain title of “Sarkin Sudan of Gombe.
He is also the Chairman and CEO of Nice Corporate Services Limited registered with the Corporate Affairs Commission, Nigeria since 2004. A company that deals in real estate development, commodities trading, and supply of agricultural machinery and fertilizer.
The bank yesterday appointed a new independent Board of Directors to lead the bank’s growth strategy.
Meanwhile, Adekunle Sonola, was yesterday appointed the new Managing Director/Chief Executive Officer of the bank.
Alhaji Muhammad Ahmad, Chairman Polaris Board, said in a statement in Lagos.
The statement said that the board would have six non-executive directors and three executive directors.
The new board and management include: Ahmad, Chairman; Abubakar Suleiman, non-executive director; Salma Mohammed, non-executive director; Adeleke Adedipe, non-executive Director and Ahmed Almustapha, non-executive director.
Others as Francesco Cuzzocrea, non-executive director; Olabisi Odunowo, non-executive Director; Abdullahi Mohammed (executive director), and Segun Opeke (executive director).
It also named Adekunle Sonola, a former executive director at Union Bank, as the new Executive Managing Director and Chief Executive Officer of the financial institution.q