Keystone Bank: As Oti Ikomi Bows Out, Dr. Shehu K. Muhammad Name MD/CEO

Mr. Oti Ikomi, the Managing Director/CEO, Keystone Bank Limited has resigned his appointment. He has led businesses to exceptional results with revenue, market share and overall business growth. He has a leading expertise in Banking Executive Management, Corporate, Commercial and Transactional Banking. He has a vast geographical business and working knowledge in Africa covering over 30 African countries from West, East, Southern and North Africa. He had previously held senior leadership positions in various institutions including Director of Sales at Standard Bank South Africa, Executive Director Corporate Banking Group Oceanic Bank International Bank Plc and recently Senior Vice President Ecobank Transnational Incorporated, Johannesburg overseeing over 30 countries. His banking career commenced in Citibank where he worked for 15 years and had international postings responsible for East Africa and later West Africa for Global Transaction Services. He holds a B.Sc. degree in Industrial Engineering (State University of New York, 1979 Buffalo, NY, USA) and a Masters Degree in Industrial Engineering, Operational Research Specialization from the same University in 1981. A key advocate of banking best practice with industry recognition leading to his appointment as Chairman of the Association of Nigeria Bankers Technical Committee in 2008 with membership from Executive Directors of leading Banks. He was formerly a member of the Payment Systems Committee of Kenya, and a Co – Chair of the United Nations Environmental Program (UNEPFI) Africa Task Force to drive sustainable Finance and Environmental issues in African Banking system. Following the sudden resignation of Mr Oti Ikomi as the MD/CEO of Keystone Bank, the bank’s Board today appointed Dr. Shehu K. Muhammad as the acting Managing Director/ Chief Executive Officer. Muhammad was until his appointment the Executive Director, Corporate Banking at the bank. His appointment was announced in a statement by the bank’s Head of Corporate Communications. Muhammed’s appointment is coming barely 24 hours after Mr. Oti Ikomi resigned his appointment as the Managing Director/ CEO of the bank, citing personal reasons. Dr. Muhammad, an astute and experienced banker, holds a Ph.D in Development Economics from Universite de Granoble II, France (1989) an MBA and a B.Sc. degree in Business Administration both from the Ahmadu Bello University, Zaria, Nigeria (1983 and 1979 respectively). Dr. Muhammad brings to Keystone Bank an extensive commercial banking experience acquired over 18 years of engagement at ICON Limited (Merchant Bankers) Bank of the North Limited and Unity Bank Plc, with hands-on competences in strategy development, corporate planning, corporate banking, treasury marketing, and product development.