By Modupe Gbadeyanka
Mr Michael OIaonipekun Oyinloye has been announced as the new Managing Director of Resort Savings and Loans Plc.
The Lagos-based financial institution, in a statement, explained that Mr Oyinloye emerged to the lead the bank following a meeting of its Board of Directors that took place on Wednesday, December 14, 2016.
The statement further revealed that Mr Oyinloye, until his appointment, was an Executive Director, Operations following his appointment to the Board of Directors on March 4, 2016 and approved by the Central Bank of Nigeria on August 24, 2016.
It was also disclosed that during the meeting, Barr Joseph Jideofor Chukwuocha, a non-executive director was elected Chairman Board.
It explained that Mr Chukwuocha emergence followed the resignation of the erstwhile Chairman, Chief Francis Babatunde Adefarati.
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