Business

CBN Approves New MD, CEO, Sirajo Salisu, For Jaiz Bank

Jaiz Bank has made changes to its leadership, appointing Sirajo Salisu as the Managing Director and Chief Executive Officer of the firm, to replace the outgoing Mallam Hassan Usman, after Central Bank of Nigeria approval.

Usman is expected to retire from the MD/Chief Executive position effective from October 16, 2022. He was appointed by the Board of Director on June 1, 2016, occupying the position for six years. 

Salisu will take over next month from his current position, Executive Director Business Development North, after the Central Bank approved his appointment. He will be adding to his 28 years banking experience, which includes more than a decade at top management level. 

In a statement released on Monday to the capital market authority, Nigerian Exchange Limited (NGX), Jaiz Bank said Salisu “started his banking career in 1992 with Inland Bank Plc as a Supervisor and rose to Assistant General Manager in 2009 with First Inland Bank Plc, where he held various Managerial Positions in both Operations, Credit Administration and Business Development including Regional Manager FCT Abuja. 

“In 2009, he was appointed Managing Director/CEO Arab Gambian Islamic Bank (AGIB), a position he held till January 2015. 

“Dr. Sirajo joined Jaiz Bank Plc in 2016 and served as the Regional Manager South while supervising the Treasury Department of the Bank. In 2018, he was appointed as the Chief Risk Officer of the Bank and later elevated to the position of Executive Director of the Bank. 

“Dr. Sirajo has attended several Management and Islamic Banking Courses within and outside Nigeria as a participant and/or a speaker. He is an Alumnus of the prestigious Lagos Business School (SMP 33) and Madinah Institute for Leadership and Entrepreneurship (PALM I I), Kingdom of Saudi Arabia. 

“The Management and Board of Jaiz Bank Plc wish Dr. Sirajo success and confident his appointment will further strengthen the Bank.” the statement, signed by the Company’s Secretary, Mohammed Shehu, reads.

Fakoyejo Olalekan

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