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Union Bank’s boss assures stakeholders

The new Group Managing Director/Chief Executive of Union Bank of Nigeria PLC, Mrs. Funke Osibodu resumed office over the weekend with assurances to all stakeholders especially customers that the Bank will not compromise their interests and expectations, and stressed the need for them to remain steadfast with the Bank.

In an interactive session with members of the General Management, Zonal Coordinators and Business Development Managers across the country, Mrs. Osibodu reiterated the rationale behind the intervention of the Central Bank of Nigeria on Union Bank, which is to safeguard its corporate reputation and to rekindle public confidence in its brand.

She stated that “the change is to create strong enabling environment for growth of the Bank whilst enhancing several of the transformation going on within the Bank. As with all changes, there will be questions and fears by all stakeholders.  You have my assurances that the change and the additional funding will positively enhance the Bank”.

The chief executive appreciated the warmth reception accorded to her by the exiting Group Managing Director and other exiting Executive Directors as well as members of the General Management.

assuring staff not to entertain any fear of the change because Union Bank was being reinvigorated to face the challenges of serving its esteemed customers much better and swifter.

Mrs. Osibodu is bringing to Union Bank almost three decades cumulative banking experience from a versatile background where she had excelled in both retail and corporate banking.  She was the Managing Director/Chief Executive of MBC International Bank and Ecobank Nigeria PLC, before becoming a director in the parent holding company of Ecobank, Ecobank Transnational Incorporated.

She has been a director of many companies including Consolidated Discounts Limited, First Securities Discount House Limited, ValuCard, Nigeria Interbank Settlement System, MBC Securities Limited and ESL Securities Limited. She is Chairman, Citi Investments Limited, Vice Chairman of Nigeria Economic Summit Group and a director of Enterprises for Development International, a Non-Governmental Organisation and the Centre for Law and Business – a private law university.

In addition to an excellent banking career, Mrs. Osibodu has held various positions of prominence in the business community and has served in various national committees. An alumna of the Harvard Business School, she is also a recipient of various awards.
Mrs. Osibodu, a graduate of Economics, Obafemi Awolowo University was the Managing Director/Chief Executive of Vigeo Capital Limited, a member of the Vigeo Group before her current appointment.


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