Signature Bank appoints Borodo acting chairman

Signature Bank has announced the appointment of Alhaji Tijjani Borodo as the new acting Chairman of the Board of Directors of the financial institution.

It said in a statement that the retirement of the bank’s former board chairman paved the way for Borodo’s appointment.

The statement read in part, “Signature Bank is pleased to announce the appointment of Alhaji Tijjani Borodo, as the new acting Chairman of the Board of Directors, following the retirement of Dr Mutiu Sunmonu CON, who provided invaluable stewardship to the bank during its formative two years.

“Dr Sunmonu’s leadership played a pivotal role in guiding Signature Bank through its start-up phase, positioning it for future growth and success.”

The bank added that “Borodo brings with him over 40 years of cognate experience which spans through banking and legal practice. He is widely respected for his legal expertise and leadership in corporate governance.”

Commenting further on the new chairman, it said, “His distinguished career includes fellowships at the Chartered Institute of Directors, Society for Corporate Governance Nigeria, Institute of Chartered Secretaries and Administrators, Nigeria, and the National Institute of Credit Administration.

“In addition, Alhaji Borodo is an active member of the International Bar Association, Nigeria Bar Association, and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria.”

The bank stated that currently, Borodo is the President and Chairman of Governing Council of the Chartered Institute of Directors and the Principal Partner at Tijjani M. Borodo & Associates, a top-tier law firm with offices in Lagos and Abuja, where he has built a reputation for excellence and integrity in legal services.

Speaking on the appointment, the board of Signature Bank expressed its gratitude to Dr Sunmonu for his steadfast dedication and contributions to the bank’s foundation and growth.

His two-year stewardship was pivotal in guiding Signature Bank through its formative years, and the Bank will continue to benefit from the strong foundations laid under his leadership.

“We welcome Alhaji Tijjani Borodo to his new role and look forward to his leadership as we continue to offer world-class banking solutions to our esteemed customers.

“Signature Bank remains committed to its vision of providing innovative financial solutions that meet the evolving needs of its customers while maintaining the highest standards of governance and professionalism,” the bank stated.