Nova Merchant Bank gets MD

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Nova Merchant Bank Limited has appointed Anya Duroha as its Acting Managing Director/Chief Executive Officer.

The appointment, which is subject to the nod of the Central Bank of Nigeria (CBN), took effect from August 30.

Prior to his appointment, Duroha was the Executive Director (ED), Wholesale Bank.

The bank’s Chairman, Phillips Oduoza, said: “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.”

Before joining the bank as a pioneer staff member, Duroha was the Head, Business Banking at Stanbic IBTC, where he was in charge of Commercial Banking and SME businesses.

In that role, he had the responsibility for both relationship and portfolio management. He designed and implemented interventions and strategies that ensured the rapid growth and profitability of the business.

He started his banking career at Citibank and has 25 years banking experience spanning several areas of banking. 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 and gas, infrastructure, aviation, power, maritime, telecommunications, FMCG and structured trade finance.

Duroha holds 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.


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