LivingTrust Mortgage Bank Gets CBN Approval to Appoint Eight New Directors
Living Trust Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to appoint eight new directors to its board. This strategic move aims to strengthen the bank’s leadership structure and drive its long-term growth and expansion plans. In a statement released by the bank, the newly appointed directors include two executive directors, three non-executive directors, and three independent non-executive directors. Their collective expertise spans across banking, law, accounting, public administration, and strategic management, positioning the bank for enhanced operational efficiency and market competitiveness. New Executive Directors New Non-Executive Directors New Independent Non-Executive Directors Strategic Impact of the Appointments According to the statement, the appointments reflect LivingTrust Mortgage Bank’s commitment to enhancing its governance structure and driving operational excellence. The new board members’ diverse expertise and experience are expected to position the bank for sustainable growth and increased market presence in Nigeria’s financial sector. The bank’s management expressed confidence that the newly constituted board will strengthen its mortgage services, deepen customer engagement, and drive financial performance. “These appointments are strategic and align with our long-term growth objectives,” the statement read. “We are confident that the collective expertise of our new board members will enhance our capacity to deliver innovative mortgage solutions and create value for our stakeholders.”