Bank Directors Association of Nigeria (BDAN) has elected Chairman of Ecobank, Olorogun Dr. Sonny F. Kuku (OFR), to lead the association as president for the next two years.

BDAN is the umbrella body of non-executive directors of banks established to provide a forum for improving the knowledge and the competence of bank directors.

Kuku was elected at the 14th annual general meeting of BDAN recently held in Lagos, and he takes over from Chief Ferdinand Alabraba, who was elected president in 2009, and who also recently retired as chairman of UBA PLC.

A highly accomplished and respected medical   practitioner, Kuku is a Consultant Physician & Endocrinologist and the head of Medicine and Pathology at the prestigious Eko Hospital, where he is also a partner. He is  the current President of the prestigious Nigerian Society of Endocrinology and Metabolism, Chairman, Education Committee, Faculty of Medicine and Examiner and Chairman of the Faculty of Internal Medicine of the West African College of Physicians.

Also elected into the 12- member governing council of the association are Chief Ope Bademosi, Dr (Mrs) Nike Akande and Mr. Nnamdi I. Oji.

BDAN is the umbrella body of non-executive directors of banks established to provide a forum for improving the knowledge and the competence of Bank Directors, thereby promoting honourable practice within the banking industry in Nigeria.

It was established in   1997 under the auspices of the Financial Institutions Training Centre (FITC)   supported by both the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC).Among other things, BDAN acts as an organ of communication for and to represent members and their various banks in all or any of their relationships with government ministries, departments, agents, local/public authorities and trade associations, to afford facilities for conferring with and making known the views of the members of the association with regards to actual or proposed legislation or any other matter directly or indirectly affecting their interest.

It also acts to formulate and monitor the ethics of Bank Directors in the banking industry from time to time, aimed towards enhancing efficiency and accountability.

Source: Vanguard