By Tony Obiechina Abuja
Jaiz Bank Plc has appointed Omolara Muinat Ismail as Executive Director as part of efforts to strengthen its leadership team and accelerate growth in retail and SME banking.
The development was disclosed in a statement issued on Monday and signed by the bank’s Company Secretary, Mohammed Shehu.
According to the bank, the appointment aligns with its strategy to deepen market penetration and expand its non-interest banking footprint across Nigeria.
Jaiz Bank said the appointment became effective on February 28, 2026.
“In accordance with Nigeria Exchange Limited (NGX) Rulebook, Jaiz Bank Plc (the Bank) hereby notifies NGX and the general public of the appointment of Omolara Muinat Ismail as Executive Director, effective February 28, 2026.”
The bank stated that the appointment has received regulatory approval from the Central Bank of Nigeria (CBN).
The non-interest bank noted that the move will strengthen its leadership framework as it advances plans to expand non-interest banking operations and consolidate its position in Nigeria’s financial services sector.
Omolara Ismail brings over 25 years of experience across retail, commercial, and corporate banking.
Her professional career includes senior management and board-level roles at Guaranty Trust Bank Plc, where she served as a Non-Executive Director and Chairman of the Board Credit Committee of the bank’s subsidiary in The Gambia.
She is a Chartered Banker and a Fellow of the Chartered Institute of Bankers of Nigeria and the National Institute of Credit Administration.
She holds an MBA from the University of Ilorin and Bangor University in the United Kingdom and has completed several executive programmes at international institutions.
Prior to her appointment, she served as General Manager, Business Development and Head of the Lagos and South Directorate of Jaiz Bank.
Her experience is expected to support the bank’s expansion strategy, particularly in retail and SME banking, while strengthening strategic partnerships and digital banking adoption.
Jaiz Bank Plc reported stronger financial performance in 2025, supported by growth in income from financing and investment activities.
The bank’s pretax profit rose to N31.3 billion in 2025, up from N24.4 billion recorded in 2024.
Fourth-quarter results showed further improvement, with pretax profit increasing to N8.1 billion, representing an 8.27% rise from N7.4 billion recorded in the same period the previous year.
Net income from financing and investing activities climbed to N97.4 billion for the full year, compared with N76.5 billion in the prior year.
The improved earnings underscore the bank’s continued growth trajectory as it expands its non-interest banking offerings nationwide.
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