Obeahon Ohiwerei has resigned his position as managing director and chief executive officer of Keystone Bank Limited.
His resignation was made known in a statement by the bank on Saturday.
The board of Keystone Bank has immediately appointed Abubakar Sule as acting managing director/CEO. His approval is subject to the Central Bank of Nigeria (CBN).
Ohiwerei, according to the statement, is leaving to pursue other personal interests.
The new acting MD is a graduate of Ahmadu Bello University, Zaria with degree in Accounting. He is a Fellow of Institute of Chartered Accountants of Nigeria; an honourary member of Chartered Institute of Bankers of Nigeria; a Governing Member of Chartered Institute of Bankers of Nigeria; and an Alumni of both the INSEAD (France) and Wharton Business School in Pennsylvania, USA.
He was until his new appointment the deputy managing director of Keystone Bank Limited.
Sule has over 29 years of cutting-edge banking experience with competences in corporate banking, operations, treasury management, credit structuring, corporate planning, as well as possession of very strong relationship management skills.
Sule had also served briefly as managing director of Sterling Capital Limited, the investment banking subsidiary of Sterling Bank Plc in 2009.
While at Sterling Capital Limited, he was appointed by the CBN as part of executive management team to turn around the fortunes of erstwhile Intercontinental Bank Plc.
He eventually returned to Sterling Bank Plc as executive director in charge of the North and corporate banking. He also worked briefly in Standard Chartered Bank Limited before he joined Keystone Bank.
