Forward Microfinance Bank Onitsha, Repositions, Elects New Board

Forward microfinance bank, Onitsha has begun a repositioning campaign to launch the bank into its rightful position in the market by electing a new board and commissioning the takeoff of a new banking application to make the services competitive.

This was made known on Monday in a statement signed by the Company Secretary, Barrister Lizzy Anyaonu, and made available to NewsProbe.

The statement has it that with over 13 years of experience in offering microfinance services to a satisfied customer base, the bank is recharged to move to the next level with the completion of its new head office in Onitsha.

At the recent Extra Ordinary general meeting of the bank, the key members of the board
having satisfactorily served out their mandatory tenure in compliance with CBN regulation formally retired. The three directors are: Dr Nduka Ochuba, Lady Pat Okeke and Hon. Chike Anyaonu. Accordingly, new replacements were elected as follows: Lady Gozie Ochuba, Barrister Uche Okeke, and Sir Ernie Onwumere. The meeting also approved that their names be submitted to the Central Bank of Nigeria for confirmation.

Meanwhile, the meeting approved the recapitalization of the bank and mandated the shareholders to act immediately to enable the bank to benefit from the emerging opportunities created in the

Also in compliance with the agenda of the meeting, Sir Ernie Onwumere was elected the chairman of the board of directors.

The key board members like Chief G.U.O Okeke, Dr Nduka Ochuba, Chief Jude Mbaegbu and Barrister Dom Obiekie in their contributions, charged the new Chairman to ensure that the shareholders get a high return on their investment, while also serving the needs of the customers with tailor-made banking solutions to meet their business requirements. They also assured that given their pedigree in business, they will continue to support the bank to deliver.

In his response, the new Board chairman pledged to build on the success recorded to move the bank forward by deploying
technology, customized banking products, improved staff welfare packages, a high yield for the investors and social responsibility activities for the bank community.

The former Board Chairman, Hon Chike Anyaonu in his address themed “TOGETHER, THIS LEGACY HAS COME TO STAY” presented Forward MFB as a worthy legacy bequeathed by patriotic shareholders and that it has remained evergreen since 2009 when the bank debuted. He was full of appreciation, particularly to all the stakeholders, the customers for their patronage and loyalty to the FORWARD brand, and the regulators without which the
achievements would have been a mirage.

A minute silence was observed in honour of Joe Anatune one of the founding members, and former Managing Director of Anambra State Advertising and Signage Agency who passed on.

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