NOVA Merchant Bank Appoints New Directors, Promotes Workers


NOVA Merchant Bank says 20 percent of its employees were promoted in recognition of their effort in driving productivity despite the challenging economic terrain.

The bank announced the promotion in a statement on Sunday.

According to the statement, the promotion exercise spans across the senior, middle, and junior levels, even as the management strives to continuously create opportunities for career growth in the institution.

Commenting on this exercise, Nath Ude, managing director and chief executive officer of the bank, said the company remains dedicated to empowering staff members to optimise performance.

“NOVA is a performance-driven organisation that holds its staff to the highest ethical standards. We have a refreshing corporate culture at NOVA which offers immense benefits for our employees embodied by our commitments to them, hence this promotion exercise. We will remain devoted to developing and empowering our people to achieve their full potential,” he said.

NOVA Merchant Bank Appoints New Directors, Promotes Workers

Also, the financial institution announced the appointment of two independent non-executive directors and one non-executive director.

It said the three new appointees are expected to strengthen the board and bring more inclusivity and diversity to the bank’s board.

The non-executive directors are; Chinedu Uzoho and Funmi Oyetunji. While the independent non-executive director is Gbemisola Laditan.

Their appointments were ratified by the shareholders on July 29, 2022, in Lagos, following its 5th annual general meeting (AGM).

While congratulating the new directors, Phillips Oduoza, chairman, NOVA Merchant bank, said the appointments demonstrate the bank’s commitment to leverage a team of talented professionals with requisite experience, fresh perspectives and insights to drive the next banking revolution wave.

“We are an impact-driven organisation committed to delivering sustainable tangible results to all stakeholders and we believe that the careful selection of the new members is guided by the bank’s overarching philosophy of “New Thinking-New Opportunities to win in the marketplace,” he said.