The Bank Directors Association of Nigeria has said the association grew its income by 29.7 percent in 2022 compared to the previous year.
A statement said this was disclosed during its annual general meeting which was held virtually, after it concluded its annual summit in Abuja.
It stated, “The association under the leadership of Mr Mustafa Chike-Obi, presented its 2022 financial statement which ended on the 31 of December 2022. The total income performance of the association increased by 29.7 percent year-on-year in comparison with 2021 activities, and a surplus income of N11.35m was contributed to the accumulated fund.”
Chike-Obi reiterated the association’s commitment to advancing its advocacy agenda for the benefit of member banks.
He emphasised the importance of BDAN’s role in representing the interests of bank directors and ensuring the sustainable development of the Nigerian banking sector.
“The success of the recently held summit and reiterated the intention of the association to push further on its advocacy agenda to the benefit of the member banks,” he said.
The association’s Executive Secretary/Chief Executive, Adebukola Orenuga, elaborated on the progress made during the year.
She highlighted the association’s strategic efforts based on three pillars consisting of advocacy, capacity building, and research & development.
Orenuga noted ongoing advocacy efforts regarding the NDIC/AMCON report published in collaboration with Proshare.
She affirmed the association’s dedication to actively engaging with stakeholders and pursuing its mandate of effectively representing the interests of bank directors in Nigeria.
Orenuga stated, “The Efforts made during the year are based on the three strategy pillars of the association, that is, advocacy, capacity building, and research and development. The advocacy on the NDIC/AMCON report published in collaboration with Proshare is underway.”
She explained that the association intended to actively continue to push the engagement of stakeholders all in a bid to achieve the mandate of the association, which was to be an effective forum for representing the interests of Bank Directors in Nigeria.
The statement said, “BDAN’s 26th annual general meeting serves as a testament to the association’s commitment to supporting the Nigerian banking sector and promoting best practices within the industry.
“With a strong financial performance and a clear vision for the future, the BDAN is well-positioned to continue its impactful work in the years to come.”
