Infinity Trust Mortgage Bank Plc’s Board of Directors has announced Mrs Ngozi Chukwu’s appointment as Acting Managing Director/Chief Executive Officer.
This was disclosed in a notice filed with the NGX.
The appointment, which became effective on July 11, 2024, followed the departure of the Bank’s Managing Director/Chief Executive Officer, Mr. Sunday Olumorin.
The statement reads “Infinity Trust Mortgage Bank Plc (the “Bank”) hereby notify the Nigeria Exchange Limited (“NGX”) and members of the public, particularly the Shareholders of Infinity Trust Mortgage Bank Plc of the exit of Bank’s Managing Director/Chief Executive Officer, Mr. Sunday Olumorin from the services of the Bank.
“The Board has appointed Mrs. Ngozi Chukwu as the Acting Managing Director/Chief Executive Officer to steer the affairs of the Bank effective 11th July 2024.”
According to the statement, Mrs. Ngozi Chukwu is a seasoned Business Development Manager with 15 years of relevant work experience.
She currently leads the Bank’s overall business strategy and has extensive experience in banking operations, treasury, product development, business strategy, marketing, sales, and organizational transformation.
She is currently responsible for the Bank’s overall business strategy and brings extensive experience in banking operations, treasury, product development, business strategy, marketing, sales, and organizational transformation.
Ngozi is a member of the Nigeria Institute of Management (NIM) and holds an MBA from Ahmadu Bello University, Zaria, an MPhil from Nile University Abuja, and a B.Sc. in Biochemistry from the University of Uyo, Akwa Ibom State.
Infinity Trust Mortgage Bank’s unaudited financial statements for 2023 revealed a pre-tax profit of N1.21 billion, up 42.8% from N847 million in 2022.
In 2023, the company reported sales of N2.9 billion, which was 38.5% higher than the N2.1 billion reported in 2022. The mortgage bank made a net interest income of N2.54 billion, up 40.6% from N1.81 billion in 2022.
