News

June 10, 2024

CRC Credit Bureau appoints new chairman

CRC Credit Bureau appoints new chairman

By Rosemary Iwunze

CRC Credit Bureau has appointed Mr. Joel Owoade as the new Chairman of its Board of Directors.

Owoade, currently the Group Chief Credit Officer at United Bank for Africa (UBA) Plc, was unanimously appointed during the board meeting held recently.

According to a statement by CRC Credit Bureau, Owoade brings over two decades of experience in the financial services industry, with a strong background in credit risk management, strategic planning, and regulatory compliance.

‘‘His extensive knowledge and expertise will be instrumental in steering CRC Credit Bureau towards achieving its strategic objectives and enhancing its role as a critical player in the Nigerian financial ecosystem,’’ the company stated.

According to the company, Owoade holds an M.Sc. in Banking & Finance from the University of Ibadan, Nigeria, and qualified as a member of the Institute of Chartered Accountants of Nigeria in 1991. Additionally, he serves as the Vice President of the Chartered Risk Management Institute of Nigeria. His academic background and professional qualifications have equipped him with a deep understanding of the financial landscape, enabling him to make significant contributions to the institutions he has served.

In his previous roles, Owoade has demonstrated exceptional leadership and a deep understanding of the complexities of credit risk. At UBA Plc, he has been pivotal in driving initiatives that improved the bank’s credit portfolio quality and reduced nonperforming loans. His insights and leadership will be invaluable as CRC Credit Bureau continues to innovate and expand its services.

Speaking on the appointment, Owoade said: “I am deeply honored by this appointment and grateful for the confidence the board has placed in me. CRC Credit Bureau has a vital role in Nigeria’s financial infrastructure, and I am excited to work with the talented team here to enhance our service offerings, promote financial inclusion, and contribute to the growth and stability of the Nigerian economy.’’

Owoade succeeds Mr. Olusegun Alebiosu, Acting Group Managing Director/CEO of First Bank of Nigeria, who has served out his term with distinction as Chairman.