Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has announced the appointment of two new directors to its board, effective in 2025, to bolster its leadership and strategic direction.
This was announced via the company’s filing with the Nigerian Stock Exchange today.
The move aligns with the bank’s ambitious growth plans, as evidenced by its impressive 109% profit increase to N23.48 billion in 2024.
Ahmed Mohammed Indimi joins the board as a Non-Executive Director, effective April 14, 2025, bringing a wealth of experience in business and strategic oversight. His expertise is expected to enhance Jaiz Bank’s governance and drive its mission to expand Islamic banking services across Nigeria.
Nike Kolawole has been appointed as a Non-Executive Director, effective June 1, 2025, to further strengthen the bank’s commitment to diversity and innovation in leadership. Her addition is poised to support Jaiz Bank’s strategic expansion, including its recent growth from 43 to 51 branches nationwide.
These appointments come at a pivotal time as Jaiz Bank solidifies its position as a leader in Nigeria’s non-interest banking sector, with a reported profit before tax of N24.4 billion in 2024. The bank’s focus on sound corporate governance and market confidence underscores the significance of these leadership changes.
The new directors are expected to contribute to Jaiz Bank’s ongoing initiatives, including its target of N8.078 billion in profit for Q2 2025, as forecasted in a regulatory filing. This strategic move reinforces the bank’s commitment to delivering value to customers and investors while deepening its Islamic banking footprint.
Headquartered at Plot 1073 J.S. Tarka Street, Garki, Abuja, Jaiz Bank continues to prioritize customer-focused growth and community engagement, as seen in its recent NYSC football match initiative. The appointments of Indimi and Kolawole signal a robust future for the bank’s leadership and operational excellence.
