The Bank Directors Association of Nigeria have revealed that the association’s income increased by 29.7 percent in 2022 compared to the previous year.
The Punch reported that this was revealed during its annual general meeting, which was held virtually following the conclusion of its annual summit in Abuja.
It said, “The association, led by Mr. Mustafa Chike-Obi, presented its financial statement for 2022, which concluded on December 31, 2022. When compared to 2021 activities, the association’s total income performance increased by 29.7% year over year, and N11.35 million of excess income was added to the accumulated fund.
Chike-Obi reaffirmed the association’s dedication to furthering its agenda of advocacy on behalf of member banks.
He emphasized how crucial it is for BDAN to stand up for bank directors’ interests and make sure the Nigerian banking industry develops sustainably.
“The association intends to advance its advocacy agenda for the benefit of its member banks, building on the success of the recently concluded summit,” he stated.
The association’s Executive Secretary and Chief Executive, Adebukola Orenuga, went into further detail about the advancements made throughout the year.
She outlined the three pillars that support the association’s strategic efforts: research and development, capacity building, and advocacy.
Orenuga mentioned the continued advocacy efforts in relation to the NDIC/AMCON report that was released in association with Proshare.
She reaffirmed the association’s commitment to actively interacting with stakeholders and carrying out its mandate to successfully represent bank directors’ interests.
Orenuga declared, “The three strategy pillars of the association—advocacy, capacity building, and research and development—are the foundation for the year’s efforts. The NDIC/AMCON report, which was released in cooperation with Proshare, is currently being advocated for.
She clarified that in order to fulfil its purpose of serving as an effective forum for the representation of bank directors’ interests in Nigeria, the association planned to actively pursue the continued engagement of stakeholders.
According to the statement, “The 26th annual general meeting of BDAN is evidence of the association’s dedication to assisting the Nigerian banking sector and advancing industry best practices.
“With a strong financial performance and a clear vision for the future, the BDAN is well-positioned to continue its impactful work in the years to come.”
