Nigeria: Abubakar Now Jaiz Bank Acting MD As Islam Quits

The Board of Directors of Jaiz Bank Plc has approved the appointment of Mahe Abubakar as the acting Managing Director/CEO of the bank. He succeeds Muhammad Nurul Islam, whose two-year contract ended on November 17, 2015.
Until his appointment, Abubakar was an Executive Director in charge of Business Development. A statement by the Head, Corporate Communications Department of the Bank, Idris Salihu described Abubakar as an astute banker with over 20 years cognate experience.
Before he joined Jaiz bank, he was a General Manager/ Group Zonal Head of Zenith Bank Plc in charge of the Northwest region. His wealth of experience is expected to impact greatly on Jaiz Bank's business development drive. Abubakar has a Master Degree in Business Administration from the Ahmadu Bello University, Zaria and he is a qualified Dealing Clerk of the Nigerian Stock Exchange.
He had attended several trainings in and outside Nigeria including High Potential Leader: Accelerating Your Performance at Wharton School, Pennsylvania, USA; High Performance People Skills, London Business School; and Senior Management Programme, Lagos Business School.
Meanwhile, the Board had thanked Islam for his innumerable contributions towards the growth and success of Jaiz Bank Plc in the last two years. The outgoing MD joined Jaiz Bank in November 2013 and turned it around from a negative balance-sheet to a positive result in 2014.
The bank now operates in 21 locations from 10 locations prior to his assumption of office. Under Islam's leadership, Jaiz also obtained Approval-in-Principle a license from the Central Bank of Nigeria to operate nationwide. He led dedicated team of Jaiz Bank to obtain ISO-27001 and PCIDSS certification to render all sorts of e-banking on a robust platform.