BOARD AND GOVERNORS

 

The governing Body of the bank is the board of Directors, in 1994 when the bank was incorporated there were seven board members, headed by the chairman.there had not been any significant changes in the board composition until September 2005 when Arc. Ubokutom Nyah joined the board to replace Obong Friday Etuk, the then chairman of the Board.

The Under listed names constituted the board members as at 31st september, 2006:

  • Rev. Fr. (Dr.) Silas T. Umoh............................................Chairman
  • Pius Camillus Okon..........................................................Director
  • Ime Udo Akpan...............................................................Director
  • Francis P. Abia................................................................Director
  • Christopher U. Essien..................................................... .Director
  • Mrs. Theresa F. Etuk.......................................................Director
  • Arc. Ubokutom Nyah.......................................................Director

At the extra-ordinary general meeting of the bank held on 28th March 2007, it was resolved that the board should be reconstituted as a significant step to repositioning iself for Micro-Finance services. Under the new dispensation, six new board members were appointed, out of which two(2) were designated Executive Directors, while four(4) were non-executive, inclusive of the Chairman .

The six Directors Include:

  1. Rev. Dr. Silas Titus Umoh..............................................Chairman
  2. Nelson Aghogu..............................................................Proposed Executive Director
  3. Arc. Ubokutom Nyah....................................................Proposed Executive Director
  4. Christopher Udom Essien...............................................Director
  5. Mfoniso Essien...............................................................Director
  6. Dr. Emmanuel T. Abraham.............................................Director

The new board has remained multi-type tha balances representational memebers with Micro-Finance Expertise, and are generally very equiped to make informed and better decisions on a timely and efficient basis.

The board members are professionals from diverse fields out of which three have financial and banking experience.

The bank continues to promoe good corporate governance striking the appropriate balance in the relationship beeween the board and the management in their combined efforts to move the insiuition.