Jaiz Bank PLC, Nigeria's non -interesting financial institution, has announced the appointments of Ahmed Mohammed Indimi and Nike Kolawole as members of its board of directors.
The appointments occur when the bank presented an impressive financial performance for the year ended December 31, 2024, informing a gain after the tax (PAT) of N23.48 billion and proposing a dividend of 7 Kobo by action to the shareholders.
The announcement, made in Abuja during the weekend, highlights Jaiz Bank's strategic approach in strengthening his leadership with experienced professionals who have a history proven in ethical and strategic governance.
Ahmed Mohammed Indimi joins the Board as non -executive director. He is an outstanding entrepreneur and executive of the energy sector, who currently serves as director and chief of raw marketing of Oriental Energy Resources. In its current role, Indimi supervises commercial operations, negotiate raw prices strategies and manages customer relationships. It is widely recognized for combining technical experience with a strong commercial insight and commitment of interested parties.
Indimi has a degree in information technology with an approach to Internet security and an MBA of the Intercontinental University in Atlanta. His addition to the Bank of the Bank of Jaiz brings a strategic perspective rooted in the experience of the real world in the vital energy sector of Nigeria.
According to the bank, the appointment of Indimi is aligned with its objective of deepening the specific experience of the industry at the Board while promoting the ethical banking that supports national economic development.
He also joins the Board as a non -executive independent director, Nike Kolawole, an Executive of Finance experienced with decades of experience in investment banking, risk management and energy finance. Kolawole's appointment has received the approval of the Central Bank of Nigeria (CBN), further reinforcing the bank's commitment to a solid corporate governance.
Kolawole has worked with first -level international institutions, including Merrill Lynch, Citibank, Goldman Sachs and Credit Suisse, where she served as vice president that supervises the management of assets and emissions of Eurobond. Later he joined the Nigerian National Petroleum Corporation (NNPC), where he reached the general manager of the group, GNG Investment Management Services. There, he directed key project financing initiatives and played an important role in historical transactions, including the award -winning RDP Financing 2012.
He has a degree in Economics from the University of Suffolk in Boston and an MBA of the University of Durham Business in the United Kingdom. He is also a registered member of the United Kingdom Financial Authority (FCA).
Its appointment is expected to strengthen the bank's capacity in capital mobilization, project financing and the worldwide participation of interested parties.
When commenting on the appointments, president of Jaiz Bank, Mohammed Mustapha Bintube, he declared:
“We are delighted to welcome Ahmed Indimi and Nike Kolawole to the Board. His deep knowledge of the global industry, integrity and perspectives will add a significant value as we expand our footprint in ethical banking and inclusive finances.”
Jaiz Bank's latest financial results indicate robust growth in all main indicators. The Bank recorded a PAT of N23.48 billion, which represents an increase of 108.99 percent of N11.05 billion published in 2023. This remarkable performance underlines the resistance and strategic positioning of the institution in the competitive bank space of Nigeria.
Gross gains increased to N82.87 billion in 2024, to 86.5 percent of N44.44 billion in the corresponding period of 2023. The revenues of financing contracts increased by 17 percent to N32.04 million, while the revenues of investment activities doubled more than duplicate to N44.366, which marked an increase of 158.56 percent of N17.16 billion in 2023.
Total assets also crossed the Billion N1 brand for the first time, reaching N1.08 billion in 2024. This represents an increase of 86.3 percent of N580.13 billion in 2023. The growth was largely driven by an increase of 129.7 percent in Sukukes investments, which increased to N349.6 billion N152.2 billion in the previous year. In addition, current client deposits rose at 93.2 percent to N904.79 billion, compared to N466.57 billion in 2023.
Key performance relationships also improved significantly. The return of equity (ROE) increased to 34.21 percent by 2024 of 28.12 percent in 2023, while the return of assets (Roa) increased to 2.26 percent of 1.91 percent. The Bank Capital Adaptation ratio (CAR) was strengthened to 23.87 percent, compared to 17.96 percent in 2023, and its liquidity ratio increased to 47.35 percent of 37.24 percent.
The managing director of Jaiz Bank, Dr. Haruna Musa, attributed the star performance to the Bank's strategic approach in client -centered ethical financing solutions and operational efficiency.
“Despite the challenging operational environment, we have continued to publish significant growth in financial and non -financial metrics. Our vision remains clear, to become the leading ethical bank of Africa,” Musa said.
He emphasized the bank's commitment to innovation, digital banking and inclusive financial services that support people, companies and communities.
“We trust our trip to lead the future of ethical finances in Africa. Our approach remains to build lasting relationships with our clients and offer long -term value to all interested parties,” he added.
In a movement to reward shareholders, the Board of Jaiz Bank has proposed a payment of dividends of N0.07 per share for financial year 2024, an increase in N0.04 per action paid in 2023.
This development, combined with the new appointments of the Board and the solid financial base of the bank, positions Jaiz Bank as an important player in the Nigerian ethical bank space, one that is committed to innovation, integrity and long -term impact.
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