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Resort Savings & Loans Plc Appoints Mr. Oshoke Aliu as an Executive Director

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Monday, June 12, 2017 9:55 AM /NSE

Resort Savings and Loans Plc wishes to notify its shareholders and other stakeholders of the following changes in its Board of Directors:

Mr. Michael Olaonipekun Oyinloye

At the meeting of the Board of Directors held on May 31, 2017, Mr. Michael Olaonipekun gave notice of his resignation as Managing Director of the Bank with a 3 month notice period commencing from May 23, 2017. Mr. Oyinloye was appointed as Executive Director on March 4, 2016 and this appointment was approved by the Central Bank of Nigeria on August 24, 2016. Thereafter, he was appointed Managing Director on December 14, 2016.

Hon. Danladi Baido

The Board resolved that in line with the Bank’s Articles of Association on absence of a director from board meeting without leave for twelve consecutive months, the office of Hon. Danladi Baido as a non executive director of the Bank is vacated and he ceases to be a director of the Bank.

Mr. Oshoke Aliu

On May 9, 2017, Mr. Oshoke Aliu was appointed an Executive Director, Operations subject to approval of the Central Bank of Nigeria. Mr. Aliu has held senior management positions in the Bank including Divisional Head, Business Development, North; and Chief Operating Officer. His profile is as follows:

Mr. Oshoke Aliu has over 24 years’ experience in the Banking sector (Commercial and Mortgage Banking), General Commerce, Finance, Information Technology. He holds a Post Graduate Diploma in Strategic Management from Stratford College of Business and Management, UK.

Higher National Diploma in Business Administration and Management, Federal Polytechnic Oko, Anambra State and a Diploma (Data Processing) from the University of Lagos, Akoka, Lagos State. He worked with Allstates Trust Bank Limited for 13 years at various capacities and has worked with Resort Savings and Loans Plc (Mortgage Bankers) for 12 years in various capacities.

He has attended several courses in Information Technology, Strategies, Banking Operations, Business Development, Mortgage Banking and Asset management. He has these antecedents to strengthen the team of Resort Savings & Loans Plc as head of operations.

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