The Managing Director of Jaiz Bank Plc, Hassan Usman, has been elected the pioneer President of Non-Interest Financial Institutions Association of Nigeria (NIFIAN).
Usman was inaugurated on Thursday alongside other six executive members after their election.
The executive will steer the affairs of the umbrella body of all corporate organisations offering non-interest financial and related services in the country for a first term of two years.
Other members of the exco are: Hajara Adeola, Managing Director, Lotus Capital Limited as Vice-President; Norfadelizan Abdulrahman, Managing Director, TAJBank Limited as Treasurer; and Fatai Ola Bakare, an astute in-house legal counsel and Islamic Finance expert of SunTrust Bank Nigeria Limited as the Secretary-General.
Other included Thaibat Adeniran, Managing Director, Cornerstone Takaful Nigeria Limited; Aminu Tukur, Managing Director, Noor Takaful Limited and Dr. Basheer Oshodi, Chief Executive Officer, TrustBank Arthur Limited.
Babayo Saidu, Chairman of NIFIAN’s Board of Trustees said in his opening address that the association was registered on August 28, 2020, and duly incorporated at the Corporate Affairs Commission under Part C of the Companies and Allied Matters Act.
He said part of the objectives of NIFIAN is to promote common interest of member-organisations towards developing the non-interest financial services industry in Nigeria, creating an enabling regulatory environment through advocacy as well as deepening financial inclusion through market engagements and financial literacy.
In his inaugural address, Usman pledged to work with colleagues in the Council to “push some prominent initiatives including promotion of sound Islamic banking and financial system and practise in Nigeria; growth and development of requisite market infrastructures such as an efficient non-interest inter-bank system.”