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BOI releases N3b Jaiz Bank’s MSMEs facilities

Haruna Musa is JAIZ Bank new MD

Lagos, Nov. 23, 2023: The Board of Jaiz Bank Plc has approved the appointment of Mr Haruna Musa, as the Managing Director/Chief Executive Officer of the bank.

The bank said in a statement on Wednesday that Musa’s appointment became effective Nov. 21, following the receipt of the approval of the Central Bank of Nigeria (CBN).

The statement said that Musa’s cognate experience in the banking industry spans over 27 years.

It said: “He is an alumnus of Ahmadu Bello University, Zaria, Bayero University, Kano, and Cranfield University, United Kingdom.

“He is currently at the final stage of a Ph.D. programme in Islamic Banking and Finance at the University Utara in Malaysia.

“At the Cranfield University, Haruna obtained an MSc in Finance and Management (2008–2009).

“He acquired a Master’s Degree in Business Administration (MBA) from Bayero University, Kano (1997 – 1998) and a Post Graduate Diploma in Management from the same University (1994–1995).

“He holds a Bachelor of Agriculture from Ahmadu Bello University, Zaria, (1987–1991).

“Until his appointment as the substantive MD/CEO of Jaiz Bank Plc, Musa served as the Executive Director with Guaranty Trust Bank for eight years; and garnered 22 years out of his 27 years wealth of banking experience working for GT Bank from March 2001–October 2023,” it said.

It added that in October 2015, Musa assumed the role of Executive Director and Head, Northeast and Public Sector, Abuja Divisions on the Board of GT Bank, a testament to his professionalism, exemplary leadership traits and competence.

He was also appointed as a Non- Executive Director with GT Bank (Cote D’Ivoire Ltd) and Chairman of the Board Audit Committee from March 2015 to October 2023, where he contributed to the turn-around of the bank from a loss position to consistent profitability.

Jaiz Bank’s new MD/CEO’s robust achievements include several commendation letters for selflessness and meritorious service from his previous employers.

He is also an honourary member of the Chartered Institute of Bankers of Nigeria.

BOI releases N3b Jaiz Bank’s MSMEs facilities

Jaiz Bank gets new MD

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Jaiz Bank has appointed Dr Sirajo Salisu as its Managing Director/Chief Executive Officer, the Company Secretary, Mohammed Shehu, said in a statement in Lagos on Monday.

Shehu, in the statement made available to the Nigerian Exchange Ltd.(NGX), said that the appointment would take effect from Oct. 16.

Salisu is to replace incumbent Managing Director, Malam Hassan Usman, who is retiring same date.

Until his appointment, Salisu was the Executive Director, Business Development (North).

He is a Certified Risk Manager (CRM), Fellow, Institute of Credit Administration (FICA), and honorary senior manager, Chartered Institute of Bankers of Nigeria (CIBN).

He started his banking career in 1992 with Inland Bank Plc as a supervisor and rose to the position of General Manager in 2009 with First Inland Bank Plc.

While in the services of the bank, he held various management positions in operations, credit administration and business development, before becoming Regional Manager, FCT, Abuja.

In 2009, he was appointed as Mnaging Director/CEO, Arab Gambian Islamic Bank (AGIB), a position he occupied till January, 2015.

Salisu joined Jaiz Bank in 2016 and served as the Regional Manager (South), while supervising the treasury department of the bank.

In 2018, he was appointed Chief Risk Officer of the bank and later elevated to the position of Executive Director.

Jaiz-bank

Jaiz Bank’s profit increases by 27.6%

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Jaiz Bank Plc has announced its unaudited results for the six months ended June 30, 2022 with a Profit After Tax (PAT) of N2.54 billion.

The company said this in a statement on Sunday in Lagos.

The PAT represented an increase of 27.6 per cent when compared with N1.99 billion recorded in the preceding period of 2021.

The bank’s total income also increased by 17.8 per cent during the review period, from N8.86 billion to N10.44 billion.

The bank’s earnings per share also increased by 8.25 per cent during the period under review to 7.34k from 6.78k for the second quarter of 2021.

Commenting on the result, Mr Hassan Usman, the Managing Director/Chief Executive Officer of the bank, said that it remained committed to providing value creating ethical banking services to its growing customer base.

Usman said that the bank would always be positioned to continue its remarkable earnings streak for the remainder of the year, by leveraging on technology and extending its touch points across the country.

“Jaiz positive earnings result is undoubtedly reassuring to all stakeholders and the public.

“It underscores the role of Jaiz as the pioneer non-interest bank in Nigeria, as well as the industry leader,” he said.

Jaiz

Jaiz Bank’s profit increases by 27.6% in six months

,

Jaiz Bank has announced its unaudited results for the six months ended June 30, 2022 with a Profit After Tax (PAT) of N2.54 billion.

The company said this in a statement on Sunday in Lagos.

The PAT represented an increase of 27.6 per cent when compared with N1.99 billion recorded in the preceding period of 2021.

The bank’s total income also increased by 17.8 per cent during the review period, from N8.86 billion to N10.44 billion.

The bank’s earnings per share also increased by 8.25 per cent during the period under review to 7.34k from 6.78k for the second quarter of 2021.

Commenting on the result, Mr Hassan Usman, the Managing Director/Chief Executive Officer of the bank, said that it remained committed to providing value creating ethical banking services to its growing customer base.

Usman said that the bank would always be positioned to continue its remarkable earnings streak for the remainder of the year, by leveraging on technology and extending its touch points across the country.

“Jaiz positive earnings result is undoubtedly reassuring to all stakeholders and the public.

“It underscores the role of Jaiz as the pioneer non-interest bank in Nigeria, as well as the industry leader,” he said.

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