The group managing director (GMD) of Mainstreet Bank Limited (MBL), Mrs Faith Tuedor-Matthews and other executive directors(EDs) of the bank appointed by Asset Management Corporation of Nigeria (AMCON) assumed duty formally at the bank’s head office in Lagos yesterday.
The EDs newly appointed for the bank include, Mr Kola Ayeye, Mr Abubakar Sadiq Bello, Mr Bolaji Shenjobi, Mr Anogwi Anyanwu and Mr Roger Woodbridge.
Their assumption of duty brings to three, the number of managing directors that have assumed duties at their new stations after their appointment last weekend by AMCON.
Investigations by LEADERSHIP showed that the Tuedor-Matthew and other EDs held meeting with the management staff of the bank.
An Insider of the bank told LEADERSHIP that the new GMD at the meeting assured workers of the security of their Jobs.
He urged them to devote more energy in the areas that would help to rebuild and bring sustainable growth in the bank.
The bank had on Monday said that it has fully recapitalised and added that it has repaid N50 billion two tier capital obtained by former Afribank Nigeria Plc from Central Bank of Nigeria on August 14,2009.
The bank said that with the payment of the long term intervention fund, Mainstreet Bank was no longer indebted to the apex bank arising from the operations of the former Afribank.
It said MBL is now well positioned to fulfil its financial obligations.
The loan repayment is a demonstration of the bank’s strong liquidity position.
It is also an assurance of the safety of customer deposits and a demonstration of the bank’s capacity to play big in the banking industry.
MBL is now in a good position to be an active player in the interbank market, handle big ticket transactions and support customer businesses.
AMCON had last weekend appointed a management board to steer the affairs of the bank. The Board would be chaired by the former managing director of Unity Bank Malam Falalu Bello.
The Corporation had on Monday injected N285.4 billion into Mainstreet Bank, formerly Afribank, N283.08 billion into Keystone Bank, formerly Bank PHB, and 111.47 billion into Enterprise Bank which operate earlier as Spring Bank.”
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