Following a successful summit held on the 7th of December 2023 in F.C.T Abuja, the Bank Directors Association of Nigeria (limited by guarantee) held its 26th Annual General Meeting virtually on Friday December 08, 2023. The association under the leadership of Mr. Mustafa Chike-Obi presented its 2022 financial statement which ended on the 31st of December 2022.

The total income performance of the association increased by 29.7% year-on-year in comparison with 2021 activities, a surplus income of N11.35m was contributed to the accumulated fund.

Mr. Mustafa Chike-Obi congratulated the association on the success of the summit and reiterated the intention of the association to push further on advocacy agendas to the benefit of the member banks. In addition, he encouraged Managing Directors, Chief Executive Officers and Directors (Executives and Non-executives) of Banks to avail themselves for events organised by the association.

The Executive Secretary/Chief Executive Officer of the association, Ms Bukola Orenuga, commented on the progress the association has made advocacy-wise. She outlined efforts made during the year, in terms of engagements with the Regulators and the Banks. Based on the three core strategy pillars of the association, that is, advocacy, capacity building, and research and development, she gave updates on the NDIC-AMCON advocacy, the advocacy on business facilitation act 2023, and capacity building programmes organised during the year to improve the overall capacity of the banks.

Speaking on the plan for 2024, she mentioned that the association will not relent in its efforts to ensure the stability and the advancement of the banking industry through necessary collaborations and engagement, which is the bottom-line objective of the association.