Innocent C. Ike: Executive Director
Innocent has over twenty-six years of successful professional banking experience acquired from leading Nigerian banks, mainly GT Bank Plc, Access Bank Plc. and recently, Keystone Bank Limited where , he was an Executive Director and he recorded very outstanding contributions and achievements towards the successful turn-around and repositioning of the bank.
Before joining the Board of Keystone Bank Limited in August 2014, Innocent had played a key role in the transformation of Access Bank Plc, where he worked as General Manager/Group Head both in the Corporate & Commercial Banking Divisions. His visionary and dynamic leadership skills as well as strong execution capabilities were very instrumental to the landmark successes and achievements recorded by the bank in the various markets and regions led by him in his ten years of employment in Access Bank. Prior to joining Access Bank Plc., he worked in erstwhile Fortune international Bank Plc. and GT Bank Plc., where he occupied very strategic positions in Commercial Banking, Treasury, Currency Trading as well as Operations & Technology Divisions. He also acquired valuable experience in Corporate Finance and Enterprise Risk Management.
Prior to his appointment on the Board of Polaris Bank Limited, Innocent was the Executive Director in charge of the Technology and Services Directorate in the erstwhile Skye Bank where he brought his wealth of experience to bear. Before starting a career in banking, Innocent had trained and qualified as a Chartered Accountant with the international accounting firm of Deloitte, where he rose to the position of Audit Senior, before joining GT Bank Plc. in 1992. Whilst in Deloitte, he handled various audit, consulting and financial advisory assignments.
Innocent is a graduate of Accounting from the University of Lagos, where he was the Best Graduating Student (1988) as well as a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Fellow Institute of Credit Administration, Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN), and Member of Institute of Directors (IOD). He has at various times undertaken professional management and leadership programs in world class institutions including Harvard Business School, Wharton Business School, International Management Development Institute (IMD) Switzerland, Euromoney London and Covey Leadership Centre.
Innocent Ike appointed acting MD of Polaris Bank
The Board of Polaris Bank Limited and the Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, have announced the appointment of Mr Innocent Ike as the Acting Managing Director/CEO of Polaris Bank Limited effective September 01, 2020. Earlier previous week, the Board had announced that the incumbent Managing Director/CEO of the bank, Mr Tokunbo Abiru, will be proceeding on his retirement, having successfully completed his two terms of two years each, first as Group Managing Director/CEO, Skye Bank Plc and later Managing Director/CEO Polaris Bank Limited.
This takes effect from 31 August 2020.
A statement from the bank signed by Babatunde Osibodu, the Company Secretary, said the incoming CEO was, until now, the Executive Director, Technology & Services while also overseeing the South-South/South East Directorate of the Bank.
Accordingly, not only has he been a pivotal part of the Bank since July 2016, but a major driver of the Corporate Transformation journey. This gives an assurance of continuity: a definite continuation of the strategic plans and initiatives that brought the Bank the successes it has recorded to date. Ike has garnered over three decades of professional experience in the Banking Industry.
He is a graduate of Accounting from the University of Lagos, a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Certified IFRS Expert and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN). He holds an Executive Certificate in Strategy & Innovation from MIT Sloan School of Management; Boston and he is also a Member of Institute of Directors (IOD
). With this change of baton, the Bank is set to continue to deliver on the sterling performance reflected in the full year 2019 results in which the Bank posted Profit After Tax (PAT) of N27billion.
To buttress the fact that this is sustainable, the Bank’s first-half 2020 result showed a PAT of over N18billion, despite the tremendous headwinds brought on by the COVID-19 pandemic.
Ike’s appointment was announced by the bank’s board in a statement on Saturday.
He will succeed Tokunbo Abiru, who recently retired from the bank after he was nominated by the All Progressives Congress (APC) in Lagos state as a replacement for Bayo Osinowo, the deceased senator who represented Lagos East senatorial district.
Abiru, whose retirement takes effect on August 31, was appointed to head the bridge bank which took over the assets and liabilities of the now-defunct Skye Bank.