KEY POINTS

• Zenith Bank names Abiodun Durosinmi as its new Chief Financial Officer (CFO).
• The appointment has been approved by the Central Bank of Nigeria (CBN).
• Durosinmi brings extensive financial experience to his new role.

Zenith Bank Plc, a Nigerian based and among the top 10 banks, has recently appointed a Chief Financial Officer (CFO) in its team as Abiodun Durosimi.

This has received the approval of the Central Bank of Nigeria (CBN) as a sign of the bank’s determination to ensure that it has sound leadership and good financial management.

Durosinmi’s appointment to enhance financial authority

Abiodun Durosinmi assumes the position of CFO from the financial industry after a successful career.

Having worked for over two decades in various corporate organizations of high repute in the sub-sector, Durosinmi has accumulated a lot of experience in corporate finance, risk management and financial planning and analysis, and he is expected to add value to the improvement of Zenith Bank’s financial process and directing the financial strategies of the bank as a key player.

According to the BusinessDay, the appointment of Durosinmi is in line with the bank’s current drive to strengthen its management team with experienced professionals who can manage the challenges of the Nigerian market.

His vast experience in financial management will be influential in the position of making Zenith Bank competitive in a dynamic banking environment.

The central bank of Nigeria has approved the appointment

The CBN has also formally endorsed Durosinmi for the position, as is mandatory for any leadership position in the banking sector.

This regulatory approval is a thumbs up endorsement of Durosinmi’s capacity; Zenith Bank as a firm continues to respect and uphold corporate governance principles.

Durosinmi enters Zenith Bank’s management at a time the Nigerian banking industry is experiencing a number of issues such as economic risks, exchange rate risks, and regulatory risks.

Specifically, as the new CFO he will be responsible for financial reporting, adherence to set rules and regulation and also contribution to the strategic growth plan of the bank.

A new chapter for zenith bank

In the case of Zenith Bank’s ongoing growth of its operations locally and internationally, Durosinmi’s management of the finance department will be vital for sustainable growth.

The bank has been experiencing good financial results and has been creative in the ways it has been delivering its services and Durosinmi’s appointment is expected to further this progress.

His appointments are likely to serve to improve the management of risk and to maintain substantive financial discipline and operational effectiveness as well as the generation of value for the bank’s shareholders.

The management of Zenith Bank is optimistic that Durosinmi will add value to the vision of the bank to become one of the best financial institutions in Africa.