NOVA Merchant Bank confirms Anya Duroha as MD/CEO

Anya Duroha has been appointed acting MD/CEO of NOVA Merchant Bank Limited
Anya Duroha has been appointed MD/CEO of NOVA Merchant Bank Limited

The Board of NOVA Merchant Bank has confirmed the appointment of Mr. Anya Duroha as the substantive Managing Director/Chief Executive Officer.

The Board’s confirmation was made at its meeting on Thursday, December 6, 2018 and is subject to the approval of the Central Bank of Nigeria.

“Mr. Duroha’s appointment marks the start of an exciting growth phase in the bank’s business, following the go live of its Intellect Digital Core (IDC) banking platform as the bank begins to leverage the benefits of its investment to deliver innovative solutions for its customers,” 
Phillips Oduoza, chairman of the bank had said on 3 September.

Prior to joining NOVA as a pioneer staff, he was the Head, Business Banking at StanbicIBTC, where he was responsible for Commercial Banking and SME businesses in Nigeria.

In that role, he had the responsibility for both relationship and portfolio management.

In this capacity, he designed and implemented interventions and strategies that ensured the rapid growth and profitability of the business.

He started his banking career in banking operations in Citibank and has 25 years banking experience spanning across many areas of banking.

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He was the Head Corporate Banking, United Bank for Africa Plc; Head Corporate Banking, Diamond Bank Plc and Head of Business Development (Designate), Diamond Bank, United Kingdom.

In all these roles, he has managed portfolios in various sectors including manufacturing, agriculture, construction, oil & gas, infrastructure, aviation, power, maritime, telecommunications, FMCG and structured trade finance.

Mr. Duroha holds an M.Sc. in Banking & Finance from the University of Benin and a B.Eng. in Civil Engineering from the University of Nigeria, Nsukka.

He is an alumnus of Wharton Business School, University of Pennsylvania and Lagos Business School.

The appointment of Mr. Anya Duroha follows the exit of Mr. Chinedu Ikwudinma who has decided to pursue another endeavor.

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