Mahmud Tukur Joins Providus Bank as Non-Executive Director

Providus Bank has announced the appointment of Mr. Mahmud Tukur as a Non-Executive Director, reinforcing its commitment to strategic growth and corporate governance. The appointment was ratified at the bank’s Annual General Meeting held at the Radisson Blu Anchorage Hotel, Victoria Island, Lagos.

Mr. Tukur, the Founder and Group Chief Executive Officer (GCEO) of Ashgrove Group, is a seasoned business leader with three decades of experience spanning energy, maritime, infrastructure, and technology. His appointment is expected to bolster Providus Bank’s leadership and strategic vision.

Strengthening Providus Bank’s Leadership

In a statement, Providus Bank’s Executive Management expressed confidence in Mr. Tukur’s appointment, highlighting his extensive experience in corporate governance, risk management, strategy, and performance management. His expertise will be instrumental in driving sustained growth and positioning the bank for future-forward banking solutions.

Mr. Tukur’s leadership credentials are well established. At age 37, he became the youngest CEO of a publicly listed company in Nigeria when he was appointed to lead Eterna Plc, a downstream oil company listed on the Nigerian Exchange (NGX). Under his leadership, Eterna Plc experienced a remarkable transformation, earning him recognition among the top 25 CEOs of publicly listed companies in Nigeria. He was also named Downstream CEO of the Year for his outstanding contributions to the energy sector.

A Strategic Move for Providus Bank’s Future

Providus Bank’s decision to appoint Mr. Tukur aligns with its strategy to enhance corporate governance and accelerate innovation in Nigeria’s evolving financial landscape. His extensive industry insights and leadership acumen will support the bank’s growth initiatives, ensuring it remains at the forefront of delivering innovative banking solutions.

With a strong emphasis on resilience, efficiency, and strategic expansion, Providus Bank continues to solidify its position as a key player in Nigeria’s financial sector. The appointment of Mr. Tukur marks a significant step in the bank’s ongoing journey towards excellence and sustainable growth.