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Bunmi Lawson Resigns as Interim Managing Director of Fortis MFB

By Dipo Olowookere

Mrs Bunmi Lawson has resigned her appointment as the interim Managing Director of Fortis Microfinance Bank Plc.

This information was revealed by the interim management committee of Fortis Microfinance Bank Plc yesterday.

In a statement its scribe, Mr Victor Emerson, the financial institution disclosed that the resignation took effect from Friday, August 3, 2018.

However, the lender did not explain in the statement why Mrs Lawson was quitting the position at the firm.

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“Following the said resignation, it is expected that the Central Bank of Nigeria (CBN) will announce the appointment of a new Interim Managing Director in the future as the interim management committee continues its task in line with its terms of reference,” the statement said.

Recall that trouble started for Fortis Microfinance Bank Plc when the suspension of trading in the shares of the firm was announced by the Nigerian Stock Exchange (NSE).

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This led to panic withdrawals of deposits because the announcement was largely misconceived, misinterpreted and misunderstood as a revocation of the Bank’s operating license.

In February this year, the bank said it was negotiating with its foreign lenders to grant it a much needed respite by restructuring its existing facilities.

It further said with the approval and guidance of the CBN, it was also engaging in a far-reaching house cleaning exercise which at the end will culminate in the emergence of a leaner, healthier bank set apart by a renewed emphasis on professionalism and adherence to international best ethical standards.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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