Olowookere Resigns as MD/CEO of Omoluabi Mortgage Bank

By Dipo Olowookere

The Managing Director/CEO of Omoluabi Mortgage Bank Plc, Mr Ayodele Olowookere, has resigned from the position.

A statement issued by the Company Secretary, Olabisi Fayombo, stated that the resignation of Mr Olowookere was accepted by the bank’s board of directors at its meeting held on October 31, 2019.

Though the reason for Mr Olowookere’s action was not stated, the board, in the statement, thanked him for his contributions to the growth of the company while he took charge.

“Omoluabi Mortgage Bank Plc wishes to inform the Nigerian Stock Exchange (NSE) and the investing public of the resignation of Mr Ayodele Olowookere, the Managing Director/CEO of the bank.

“His resignation was accepted by the board of directors of the bank at its meeting held on October 31, 2019,” the statement read in part.

According to the company, Mr Olowookere had been on the board of the bank since 2015 and served on a number of board committees during the period.

“The board of directors would like to express its appreciation to Mr Ayodele Olowookere for his immense contributions to the bank these past years,” it added.

As a result of the hole left in the company with his exit, the board has appointed Mrs Olaitan Aworonke as the acting Managing Director/CEO of Omoluabi Mortgage Bank effective October 31, 2019.

Prior to her appointment, Mrs Aworonke was formerly an Executive Director and also worked in the capacity of the Group Head, Banking Operations and Business Development in Omoluabi.

She is a fellow, Institute of Chartered Accountants of Nigeria (ICAN), Institute of Chartered Economist of Nigeria (ICEN) and member, Chartered Institute of Taxation of Nigeria (CITN). She had also worked in various capacities in different banks before her joining the company.

She currently has over 16 years working experience within the Nigerian banking sector.

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. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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